GOKALDAS EXPORTS LIMITED

Shareholders of Gokaldas Exports Limited

Gokaldas Exports Limited is a listed public company. India does not publish a continuous shareholder register for listed issuers; instead, each listed entity files a quarterly shareholding pattern with the stock exchanges under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures below are taken from the company’s own filing for the quarter ended 30 June 2026 (scrip code 532630 / GOKEX).

Total issued and fully paid equity capital at that date was 73,273,628 equity shares of INR 5 each, held by 80,401 shareholders. There are no partly paid shares, no warrants, no convertible securities and no depository receipts outstanding; employee stock options are outstanding.

Promoter and promoter group: 6,705,348 shares, or 9.15% (8.70% on a fully diluted basis), held by two shareholders — Clear Wealth Consultancy Services LLP with 6,455,957 shares (8.81%) and Gautham Madhavan with 249,391 shares (0.34%).

Public shareholding: 66,568,280 shares, or 90.85%, held by 80,399 shareholders. Within this, domestic institutions held 43.41% (mutual funds 34.58%, insurance companies 7.19%, alternative investment funds 1.62%), foreign portfolio investors held 14.46% (Category I 12.41%, Category II 2.05%) and non-institutional public shareholders held 32.98%. There is no promoter shareholding held through foreign entities and no non-promoter, non-public category.

Shareholders disclosed individually above 1% at 30 June 2026: Nippon Life India Trustee Ltd – A/C Nippon India SMA 7.42%; SBI MNC Fund 5.77%; SBI Life Insurance Co. Ltd 5.08%; Axis Mutual Fund Trustee Ltd A/C Axis Mutual Fund 4.11%; HSBC Mutual Fund – HSBC Small Cap Fund 3.56%; Aditya Birla Sun Life Trustee Private Limited 2.74%; Goldman Sachs Funds – Goldman Sachs India Equity Portfolio 2.56%; Helios Mid Cap Fund 2.25%; Motilal Oswal BSE 1000 Index Fund 2.20%; Tata Dividend Yield Fund 2.17%; Mahindra Manulife Value Fund 2.09%; Sivaramakrishnan Ganapathi 1.91%; Matrix Clothing Private Limited 1.58%; Union Flexi Cap Fund 1.28%; Vanguard Total International Stock Index Fund 1.26%; Vanguard Emerging Markets Stock Index Fund 1.23%; Abu Dhabi Investment Authority – Monsoon 1.02%.

Encumbrance: the same filing reports 6,455,957 promoter shares pledged, being 100% of the holding of Clear Wealth Consultancy Services LLP and 96.28% of the total promoter and promoter group holding. No promoter shares are locked in or under a non-disposal undertaking.

Ultimate beneficial ownership

No shareholder holds a controlling stake. The largest single holder is the promoter entity Clear Wealth Consultancy Services LLP with 8.81%, well below the 25% threshold commonly applied for beneficial ownership in KYB screening. The company has declared in its Regulation 31 filing that it has a significant beneficial owner.

The only official disclosure linking a natural person to that promoter holding is in the notice of the annual general meeting convened for 28 September 2026, which records the shareholding of Mathew Cyriac, Chairman and Non-Executive Director, as “shareholding as a beneficial owner (Clear Wealth Consultancy Services LLP) – 64,55,957 shares”, that is the whole of the Clear Wealth holding. The same disclosure records that he is Chairman and Whole-Time Director of Florintree Advisors Private Limited and was previously Senior Managing Director at The Blackstone Group and Co-Head of Private Equity at Blackstone Advisors India Private Limited until February 2017. Beyond that single disclosure, filings reviewed do not set out the partner-level ownership of Clear Wealth Consultancy Services LLP, and the chain is not traced further here.

The managing director, Sivaramakrishnan Ganapathi, holds 1,400,000 shares (1.91%) in a personal capacity and is classified as a public shareholder, not a promoter.

Data availability

Material data-quality warning: the source record behind this page attributed more than 80% of the company to five passive index products — SPDR Portfolio Emerging Markets ETF 36.58%, SPDR Emerging Markets Small Cap ETF 18.13%, Avantis Emerging Markets Equity Fund 12.9%, Avantis Emerging Markets Equity ETF 12.9% and Goldman Sachs EM Equity ex-China 2.23%. That is irreconcilable with the company’s filed capital structure, in which total foreign portfolio investor holding is 14.46% and no single foreign fund exceeds 2.56%. Those figures were not used and should not be relied upon.

The figures above are point-in-time as at 30 June 2026 and change each quarter. Indian listed-company disclosure names only shareholders above 1%; the remaining public float is reported in aggregate by category. Partner-level ownership of the promoter LLP and any onward beneficial ownership are not available from the filings reviewed.

Directors and officers of Gokaldas Exports Limited

The board and key managerial personnel below are as disclosed in the Board’s Report within the annual report for the financial year ended 31 March 2026. Legal office under the Companies Act, 2013 is stated separately from executive function.

Board of directors as at 31 March 2026

• Mathew Cyriac — Chairman and Non-Executive Director (DIN 01903606), first appointed to the board on 21 February 2008. Nationality not disclosed.
• Sivaramakrishnan Ganapathi — Vice Chairman and Managing Director (DIN 07954560). Nationality not disclosed.
• Prabhat Kumar Singh — Whole-Time Director (DIN 08275987), an executive director; the company’s website describes his executive responsibility as corporate development. Nationality not disclosed.
• George Varughese — Independent Director, non-executive (DIN 09702009). Nationality not disclosed.
• Rama Bijapurkar — Independent Director, non-executive (DIN 00001835). Nationality not disclosed.
• Pavitra Rajaram — Independent Director, non-executive (DIN 09322283). Nationality not disclosed.

Key managerial personnel under Section 203 of the Companies Act, 2013, as at 31 March 2026

• Sivaramakrishnan Ganapathi — Vice Chairman and Managing Director.
• Prabhat Kumar Singh — Whole-Time Director.
• Sathyamurthy A — Chief Financial Officer (not a board member).
• Gourish Hegde — Company Secretary and Compliance Officer (not a board member).

The statutory auditor is MSKA & Associates LLP, Chartered Accountants; the internal auditor is PKF Sridhar & Santhanam LLP; the secretarial auditor is Nagendra D Rao & Associates LLP, appointed on 16 September 2025 for five financial years from FY2025-26. The registrar and share transfer agent is KFin Technologies Limited.

Recent officer changes

• No changes occurred in the composition of the board of directors during the financial year 1 April 2025 to 31 March 2026, as stated in the Board’s Report for that year.
• 19 September 2024 — the annual general meeting passed a special resolution re-appointing Prabhat Kumar Singh (DIN 08275987) as Whole-Time Director.
• 20 September 2023 — the annual general meeting passed a special resolution re-appointing Sivaramakrishnan Ganapathi (DIN 07954560) as Vice Chairman and Managing Director.

Data availability

The officer list previously held against this page was largely management rather than the board: it listed a Vice President of HR and Compliance, a Chief Information Officer and a Chief Marketing Officer, none of whom hold statutory office, and it recorded executive-sounding titles (“CEO, MD & Executive Vice Chairman”, “Head of Business Operations & Executive Director”) that do not match the designations filed with the exchanges. Those entries were not used. Only persons holding a directorship or a Section 203 key managerial position are listed above.

Nationality is not disclosed in the filings reviewed and has not been inferred. Directors’ DINs can be checked against the Ministry of Corporate Affairs register. Subsidiary-level directors are not covered here.

Group structure of Gokaldas Exports Limited

No holding company sits above Gokaldas Exports Limited. It is the ultimate parent of its group. The promoter entity, Clear Wealth Consultancy Services LLP, holds 8.81% of the equity as at 30 June 2026 and is a shareholder, not a parent; the company’s financial statements identify Gokaldas Exports Limited itself as the “Holding Company” for consolidation purposes.

The relationships below are taken from the Board’s Report and Form AOC-1 in the annual report for the year ended 31 March 2026. Percentages are the company’s shareholding as disclosed in that statement.

The Atraco group entities (Amibros S.A., Atraco Logistics Co. LLC, Ashton Mombasa Apparel EPZ Limited and Ashton Apparel Manufacturing PLC) were acquired on 3 January 2024 and carry the Kenyan and Ethiopian manufacturing operations. Matrix Design and Industries Private Limited, the Madhya Pradesh-based apparel business acquired from Matrix Clothing Private Limited, was acquired on 13 March 2024. Matrix Clothing Private Limited itself holds 1.58% of Gokaldas Exports as a public shareholder and is not part of the group.

Two structural changes were in progress at the date of the FY2025-26 annual report: a merger of the material subsidiary Amibros S.A. into its immediate holding company Gokaldas Exports FZCO, and a scheme of amalgamation of BRFL Textiles Private Limited into Gokaldas Exports Limited approved by the board on 9 August 2025 under Sections 230 to 232 of the Companies Act, 2013, subject to approvals. Alongside the equity stake, the company has subscribed INR 22,500 lakh of optionally convertible debentures issued by BRFL Textiles Private Limited and given corporate guarantees of INR 30,000 lakh to financial institutions on its behalf.

Data availability

The linkage extract previously held against this page was partial: it showed Gokaldas Exports with only Sri Susamyuta Knits Private Limited, All Colour Garments Private Limited and SNS Clothing Private Limited beneath it, omitting six further direct subsidiaries, all four step-down subsidiaries and the BRFL Textiles investment. It should be treated as incomplete rather than as a full group map.

Ownership percentages are as stated in Form AOC-1 for the year ended 31 March 2026 and may change. Registration numbers for the overseas subsidiaries are not given in the filings reviewed.