Announced Mon, 20 Jul · 16:04 IST
Technocraft shuts loss-making Murbad Fabric Division
TIIL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹2573.00
prior close
₹2597.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3+0.1+3.6-1.5-0.8-0.2+1.0——————
Up moveDown movePending
AI summary
Technocraft Industries will discontinue its loss-making Fabric Division at Murbad from July 20, 2026, citing adverse market conditions and prolonged losses. The division's turnover fell from Rs 172.84 cr (FY25) to Rs 125.83 cr (FY26), with losses of Rs 2.86 cr, Rs 6.23 cr, and Rs 10.73 cr over the last three years. The Fabric Segment will no longer appear in standalone financials, but garment and yarn operations continue unaffected through subsidiaries.
Likely market impact
Closure of loss-making unit is positive for margins overall, but removes about Rs 126 cr in standalone revenue. Minimal hit to consolidated numbers.