Date: July 20, 2026
Operational Restructuring Disclosure
Division Closure Decision
- Management has decided to discontinue manufacturing operations of the Fabric Division located at Murbad, District Thane, Maharashtra effective July 20, 2026
- Decision taken due to adverse market conditions and continued losses incurred by the Fabric Division over a prolonged period
Financial Impact of Discontinued Operations
Financial details of the discontinued Fabric Division:
| Particulars | 2025-26 (Rs. in Crores) | 2024-25 (Rs. in Crores) | 2023-24 (Rs. in Crores) |
| Turnover | 125.83 | 172.84 | 161.65 |
| Loss after Depreciation and before Tax | 2.86 | 6.23 | 10.73 |
Segment Reporting Changes
- Fabric Segment will be removed from the standalone financial statements of Technocraft Industries (India) Limited
- The division closure affects only the Fabric Division at Murbad location
Continuing Operations
Yarn Division:
- Continues operations as usual
- Group has yarn manufacturing facilities with 31,000 spindles each at Amravati
- Operations conducted through Technocraft Industries (India) Limited and Technocraft Textiles Limited (wholly owned subsidiary)
Garment Business:
- Continues without interruption through wholly owned subsidiary Technocraft Fashions Limited
- Garment manufacturing facilities located at Amravati, Maharashtra and Betul, Madhya Pradesh