Summary of Key Information:

Nature of Filing / Announcement: Business strategy update and commencement of commercial production under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Date of Board Meeting / Approval: Not Specified

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights:

Investment Details:

  • Ricon Industries has invested approximately Rs. 25 crores as initial capital outlay
  • Covers machinery, skilled manpower, and infrastructure modifications
  • Further investments to be funded through mix of internal accruals and/or debt

Corporate Actions:

Not Specified

Other Significant Information:

Production Commencement:

  • Ricon Industries (subsidiary of R&B Denims Limited) commenced commercial production of polyester yarn on September 30, 2026
  • Location: Block No. 372, NH-8, Moje Dhamdod, Near DGVCL Power Sub Station, Tal. Mangarol, Dist Surat – 394125

Business Strategy Update:

  • Company has updated business strategy to undertake polyester yarn manufacturing
  • Value chain synchronization initiative for existing denim fabric manufacturing operations
  • Marks important step toward developing integrated textile manufacturing operation

Expected Benefits:

  • Complete quality control of yarn manufacturing
  • Better utilization of existing manufacturing infrastructure and human resources
  • Diversification of revenue streams, reducing impact of fabric market fluctuations
  • Strengthen textile value chain with greater control over sourcing and quality
  • Improve supply-chain efficiencies and optimize input costs
  • Enhance value proposition, improve profitability, and ensure long-term sustainability

Operational Details:

  • Industry: Polyester yarn manufacturing, specifically production of spun polyester yarn
  • Company remains flexible in approach and will scale operations in alignment with demand and capacity utilization

Company Contacts:

  • Company Secretary & Compliance Officer: Sujata Chirag Dudharejiya

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