GTNIND

Gtn Textiles Ltd has informed the Exchange that the BODs have in their meeting held on January 27,2005 approved forfeiture of 18,600 partly paid up shares held by 186 shareholders from whom allotment money is due for the public issue made by the company during January 1993.

Gtn Textiles Ltd has informed the Exchange that the company has allotted 18 lakhs equity shares of Rs.10/- each on March 09,1993 in accordance with the Scheme of allotment approved by the Cochin Stock Exchange Limited, the terms and conditions of the prospectus dated November 14,1992 and subject to Provisions of the Memorandum & Articles of Association of the Company. Out of the above,199 equity shareholders holding 19,900 equity shares have not paid balance amount payable to the Company, till date. The BODs of the company at its meeting held on October 29,2004 have discussed this matter and

Gtn Textiles Ltd has informed the Exchange that a fire accident has occurred in the morning at 4.30 am on October 06, 2004 in the Blow Room of the Company's Spinning Mill at Aluva Unit, Kerala. The fire has been brought under control within 2 hours. Further, major operations have already begun and the Company expects to resume normalcy in production, shortly. The total loss occurred to the processed stock and machinery are under assessment. The Company has adequate insurance cover to take care of the losses, on account of the above.