Pursuant to the SEBI Circular SEBVHO/CFD/CMDl /CIR/P /2019/140 dated November 21, 2019 and in compliance with SEBI Listing Regulation, GTN Textiles Limited announced the details of the defaults made by the company on payment of interest/repayment of principal amount on loans from banks I financial institutions. Name of the lenders: Central Bank of India, State Bank of India. Date of Default: December 31, 2022.

Current Default amount: Principal INR 50.2 million (GECL);Interest INR 7.7 million (GECL); Working Capital overdrawn INR 158.1 million. Working Capital Interest outstanding INR 98.8 million. Total amount of outstanding borrowings from Banks I financial institutions: INR 314.8 million.

Total financial indebtedness of the listed entity including short-term and long-term debt: INR 314.8 million.