Shringar House of Mangalsutra Limited has informed the Exchange regarding a press release dated February 23, 2026, titled "Submission of Press release for shifting of manufacturing facility.".
SHRINGARMS · price
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Awaiting price reaction for this filing.
Shringar House of Mangalsutra has shifted its manufacturing unit from Lower Parel to a new, larger facility in Kandivali, Mumbai. The new unit spans 16,260 sq ft, almost double the earlier 8,300 sq ft. Annual production capacity will rise from 2,500 kg to 4,000 kg — a 60% jump. Commercial production has already resumed from February 23, 2026, with full incremental capacity expected within three months. The company is investing around Rs. 15 crore for the move, funded entirely through internal accruals (no debt). Shringar supplies mangalsutras to major names like Malabar Gold, Titan, Reliance Retail, Joyalukkas, and PN Gadgil, and operates in 24 states and 4 union territories.
Positive for shareholders — capacity expansion of 60% positions the company for higher revenue growth, the upgrade is self-funded without any debt, and incremental capacity comes online within 3 months, suggesting near-term volume growth potential.