Gokaldas Exports Subsidiary Faces Customer Bankruptcy Filing

Gokaldas Exports Limited announced that 'The Children's Place, Inc.', a customer of its step-down subsidiary Atraco Industrial Enterprise FZE, has filed for Chapter 11 bankruptcy protection in the U.S. As of the filing date, Atraco Industrial Enterprise FZE has an outstanding receivable of USD 4.11 million from the bankrupt customer. The company is actively monitoring the situation and assessing the potential impact on its business and financials, and will take appropriate measures.