Gloster Ltd Incorporates Joint Venture 'GUJCO Gloster Limited'

Gloster Ltd has announced the incorporation of a new joint venture named 'GUJCO Gloster Limited' on November 11, 2026. The JV has an authorized and paid-up share capital of Rs. 10,00,000/-. Gloster Ltd will hold a 49% stake, acquiring 49,000 shares for Rs. 4,90,000/-. The JV's primary objective is the cost-efficient manufacturing and supply of high-quality jute gunny bags, aiming to expand Gloster Ltd's business and market reach. This strategic investment does not involve related parties or promoter group interests.