NSEGeneral Updates2d ago · 20 Jul 2026, 04:04 pm
General Updates
Technocraft Industries (India) Limited · TIIL
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Technocraft Industries (India) Limited has informed the Exchange about the closure of its fabric division located at Murbad due to adverse market conditions and continued losses. The company's yarn division will continue operations as usual.
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Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk8/10
Liquidity Impact5/10
Market Sentiment4/10
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Technocraft Industries (India) Limited has informed the Exchange about closure of fabric division located at Murbad
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Technocraft Industries (India) Limited
Registered Office: A-25, Technocraft House, MIDC Industrial Estate, Road No.03,
Andheri (East), Mumbai - 400093, Maharashtra, India
Tel: 4098 2222/0002; Fax No. 2836 7037; CIN No. L28120MH1992PLC069252
E-mail: investor@technocraftgroup.com ; website: www.technocraftgroup.com
July 20, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Listing Department
Bandra Kurla Complex, P.J. Towers, 1st Floor,
Bandra (E), Dalal Street, Fort,
Mumbai- 400051 Mumbai – 400 001
Ref: Script Name: TIIL Script Code: 532804
Dear Sir / Madam,
Sub: Information under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
This is to inform that w.e.f. today i.e. July 20, 2026, the management of the Company, has
decided to discontinue the manufacturing operations of the Fabric Division located at
Murbad, District Thane, Maharashtra. This decision has been taken in view of adverse
market conditions and the continued losses incurred by the Fabric Division over a
prolonged period.
Further clarified that, consequent to the closure of the Fabric Division, there will be no
Fabric Segment in the standalone financial statements of Technocraft Industries (India)
Limited. However, the Garment business of the Group will continue without any
interruption through its wholly owned subsidiary, Technocraft Fashions Limited, which
has Garment manufacturing facilities at Amravati, Maharashtra and Betul, Madhya
Pradesh.
For abundant clarity, it is further informed that the Company's Yarn Division will continue
its operations as usual. The Group has yarn manufacturing facilities with 31,000 spindles
each at Amravati under Technocraft Industries (India) Limited and Technocraft Textiles
Limited, a wholly owned subsidiary.
The financial details of the discontinued Fabric Division located at Murbad, District
Thane, Maharashtra are provided below:
(Rs. in Crores)
Particulars 2025-26 2024-25 2023-24
Turnover 125.83 172.84 161.65
Loss after Depreciation and before Tax 2.86 6.23 10.73
We request you to kindly take the same on records.
Thanking You,
Yours truly,
For Technocraft Industries (India) Limited
Sharad Kumar Saraf
Chairman & Managing Director
DIN: 00035843