Announced Wed, 1 Jul · 18:27 IST
Faze Three gets Government of India PLI Scheme approval for technical textiles
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FAZE3Q · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹607.00
prior close
₹610.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1-0.1-0.2—+2.1+0.9-0.6-5.8-2.9-1.7-10.8———
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AI summary
Faze Three Limited has received approval under the Government of India's Production Linked Incentive (PLI) Scheme in the MMF Fabrics and Technical Textiles segment on July 1, 2026. The incentive will be payable on incremental sales of eligible products over the base year sales as defined under the PLI Scheme. The approval gives the company access to government incentives tied to growth in eligible product sales over the coming years.
Likely market impact
Positive: PLI incentive on incremental sales supports future revenue growth and margin expansion for eligible products.