GOKAK TEXTILES LTD. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors of Gokak Textiles Limited ('the Company') at their Board Meeting held on November 12, 2021 have inter alia, approved the Scheme of Arrangement ('Scheme') under section 230 to 232 and other applicable provisions of the Companies Act, 2013 and the rules and regulations made thereunder.