Gujarat Cotex to Establish Two New Business Divisions

Gujarat Cotex Limited is proposing to diversify its business by establishing two new divisions: "Prabhat Oils" and "Prabhat Infratech". The "Prabhat Oils" division will focus on the edible and refined oils sector, leveraging the "Prabhat" brand and promoter experience. The "Prabhat Infratech" division will explore opportunities in real estate and infrastructure, including residential, commercial, and apartment development projects, with a focus on Surat and potential evaluation of Dholera Smart City. This strategic move aims to broaden the company's portfolio, explore new growth avenues, and build long-term revenue streams. The proposals will be presented to the Board of Directors for approval, with a phased commencement of activities planned.