GHCL Textiles Limited, a wholly-owned subsidiary of GHCL Limited, was established on June 17, 2020. The company specializes in producing cotton, blends, and synthetic yarns. In a strategic move, the Spinning Division of its parent company, GHCL Limited, was transferred to GHCL Textiles Limited as part of a demerger scheme effective April 1, 2023. This transfer was compensated through the issuance of equity shares to GHCL Limited's shareholders at a 1:1 swap ratio, meaning each shareholder received one share of GHCL Textiles for every share of GHCL Limited they held. This resulted in the listing of 9,55,85,786 equity shares on June 12, 2023, marking a significant step in the company's growth and market presence.
