Enteriing into new line of Business - Technical Textiles
SUTLEJTEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sutlej Textiles announced it is entering the Technical Textiles segment, starting with Protective Textiles for industrial safety, flame protection, defence, and specialised workwear. The company reported FY26 standalone revenue of Rs. 2,565.68 crore (down from Rs. 2,642.36 crore), with a standalone loss of Rs. 79.85 crore (narrower than Rs. 84.20 crore loss in FY25). Consolidated loss stood at Rs. 86.31 crore. The company also appointed Alok Ohrie, former President and MD of Dell Technologies India, as Additional Independent Director for 5 years. Exceptional items included Rs. 20.74 crore impairment of subsidiary investment and Rs. 11.39 crore inventory write-down. The entry into technical textiles will leverage existing manufacturing infrastructure with incremental capex.
The move into high-margin technical textiles could help Sutlej diversify away from its loss-making core yarn and home textile businesses, though any revenue impact will take time as the business is still in the planning stage.