Please find attached disclosure under Reg 30 of SEBI (LODR) Regulations, 2015 for reference.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceenik Exports India Ltd has informed BSE that it is shutting down its Garments and Textile business with effect from April 1, 2025. The company had already disposed of all its garment machinery through scrap sales on March 31, 2025, indicating a complete wind-down of this segment. No details were provided on what the company plans to do next or whether the segment contributed significantly to overall revenue. The disclosure was made under Regulation 30 of SEBI's LODR Regulations, which covers material corporate developments.
For shareholders, this means the company is exiting a core business segment, which could reshape its revenue profile and strategic direction. The stock may see short-term volatility as investors reassess the company's business model, especially given the lack of clarity on replacement business plans.