GTN Textiles Announces Trading Window Closure from April 1, 2025
Team Finance Saathi
21/Mar/2025

What's covered under the Article:
- GTN Textiles closes trading window from April 1, 2025, for insiders.
- Closure remains until 48 hours after audited results for March 2025.
- Board meeting date for financial results will be announced later.
GTN Textiles Limited, a prominent textile manufacturing company, has announced the closure of the trading window for dealing in its securities, effective from April 1, 2025. This decision is in compliance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's Code of Conduct for Prevention of Insider Trading. The trading window closure will remain in effect until 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2025.
Regulatory Compliance and Insider Trading Prevention
The closure of the trading window is a mandatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015 to prevent insider trading and safeguard the interests of stakeholders. GTN Textiles Limited has duly informed the BSE Limited (Bombay Stock Exchange) about the window closure to ensure compliance with regulatory requirements.
As per the regulations, Designated Persons and their immediate relatives, including Directors, Key Managerial Personnel (KMP), and other insiders, are prohibited from dealing in the securities of the company during the period when the trading window is closed. The restriction is imposed to prevent any misuse of unpublished price-sensitive information (UPSI) related to the company’s financial results.
Duration of Trading Window Closure
The trading window will be closed from April 1, 2025, and will remain closed until 48 hours after the declaration of the company’s audited financial results for the quarter and year ending March 31, 2025. The date of the Board Meeting where the audited financial results will be considered and approved is yet to be announced by the company.
The company will communicate the date of the Board Meeting to the stock exchanges in due course, in accordance with the provisions of SEBI Listing Regulations.
Implication for Designated Persons
During the period of trading window closure, all Designated Persons, which include:
- Directors and Key Managerial Personnel (KMP)
- Employees at Senior Management Levels
- Connected Persons and Immediate Relatives
are strictly prohibited from buying, selling, or dealing in the securities of GTN Textiles Limited. Any violation of this regulation may attract penal provisions and disciplinary action as per the SEBI guidelines and the company’s Code of Conduct.
Declaration of Audited Financial Results
The audited financial results for the quarter and year ending March 31, 2025 will be declared after approval by the Board of Directors in an upcoming Board Meeting. The company will intimate the exact date of the Board Meeting to the BSE Limited and other relevant authorities at a later stage.
The results will provide a comprehensive overview of GTN Textiles Limited's financial performance, including revenue, profitability, and key operational highlights for the financial year 2024-25.
Communication to Stock Exchanges
In compliance with Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, GTN Textiles Limited has informed the Bombay Stock Exchange (BSE) about the trading window closure. The communication was made via a formal letter with reference number GTNC/2024-25 dated March 21, 2025.
About GTN Textiles Limited
GTN Textiles Limited is a leading manufacturer and exporter of high-quality yarns and textiles. The company’s registered office is located at:
61/464, 6th Floor, Palal Towers, Ravipuram, MG Road, Cochin – 682016, Kerala, India.
The company has consistently maintained its reputation for quality and excellence in the textile industry and continues to uphold ISO 9001:2005 and ISO 14001:2005 certifications.
Company’s Marketing and Compliance Offices
The Marketing Office is located at:
3rd Floor, Palal Towers, Ravipuram, MG Road, Cochin – 682016, Kerala, India.
For any compliance-related matters, the company can be reached at:
- Phone: +91-484-2661900
- Email: cs@gtntextiles.com | gtnfin.ho@gtntextiles.com
Ensuring Corporate Governance and Transparency
By closing the trading window in adherence to SEBI's Insider Trading Regulations, GTN Textiles Limited reinforces its commitment to maintaining corporate governance, transparency, and protecting investor interests. The company remains vigilant about preventing any misuse of unpublished price-sensitive information (UPSI) and adheres to the highest standards of ethical business practices.
Future Course of Action
Once the Board Meeting is scheduled and the audited financial results are finalized, the company will inform all relevant authorities and the public. The resumption of trading for Designated Persons will be permitted 48 hours after the public disclosure of financial results.
Conclusion
GTN Textiles Limited's decision to close the trading window reflects its strong emphasis on adhering to SEBI regulations and preventing insider trading. As stakeholders await the audited financial results for March 2025, the company continues to demonstrate its unwavering commitment to regulatory compliance and corporate governance.
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