Parties Involved

  • Candour Techtex Limited (CTL): Malegaon, Maharashtra-based company engaged in processing, coating and lamination of fabrics
  • Ratanmoti Texfab (India) Pvt. Ltd. (RMTF): Kolhapur-based company
  • End Customer: Aerial Delivery Research and Development Establishment (ADRDE), Defence Research and Development Organisation (DRDO), Station Road, Agra Cantt, Agra - 282 001

Agreement Details

  • Document Type: Memorandum of Understanding (MOU)
  • Execution Date: September 16, 2026
  • Purpose: Long-term arrangement relating to coating and lamination of fabrics for applications in the Indian Defence Industry

Process Flow

Under the proposed arrangement:

1. RMTF will supply fabrics to CTL

2. CTL will undertake required coating and lamination processes at its manufacturing facilities

3. Processing will be done in accordance with applicable specifications and quality requirements

4. Processed fabrics will thereafter be supplied by RMTF to ADRDE/DRDO

Strategic Rationale

The MOU represents an important development for CTL as:

  • Its coating and lamination capabilities are proposed to become part of the supply chain serving ADRDE/DRDO through RMTF
  • Provides opportunity to participate in development and supply chain for specialised coated and laminated textile materials for defence-related applications
  • Aligns with CTL's objective of expanding application of its processing capabilities into technical textiles, specialised industrial applications and defence-related textile requirements
  • Provides opportunity to establish and develop presence in specialised segment of technical textile industry
  • Allows working with established industry participant (RMTF) in addressing application-specific requirements

Management Commentary

Mr. Jayesh R Mehta, Managing Director, stated: "We are pleased to enter into this MOU with Ratanmoti Texfab (India) Pvt. Ltd. The proposed association provides Candour Techtex with an opportunity to apply its coating and lamination capabilities to specialised technical textile requirements serving the defence sector. We look forward to leveraging our manufacturing expertise and maintaining the required quality and technical standards as the relationship progresses."

Company Background

Candour Techtex Limited is engaged in the textile sector with capabilities in processing, coating and lamination of fabrics. The company explores opportunities in specialised and technical textile applications across various industry segments.

Important Disclaimer

The disclosure explicitly states that:

  • The proposed arrangement is subject to terms and conditions of the MOU, applicable technical specifications, approvals, commercial arrangements and other applicable requirements
  • The MOU does not constitute confirmation of any specific order or guaranteed business volume
  • Any business volumes, revenues, profitability or financial impact will depend upon actual orders, specifications, customer requirements, execution, commercial terms and other relevant factors
  • Financial implications of the proposed arrangement cannot be determined at this stage