Technocraft Industries to Discontinue Fabric Division Operations
Technocraft Industries is discontinuing its Fabric Division operations in Murbad due to adverse market conditions and losses. The division reported a loss before tax of ₹2.86 crore in FY26 on a turnover of ₹125.83 crore. The Garment and Yarn divisions will continue operations.
The closure of a division, even if loss-making, can have an impact on the company's overall structure and potentially on its workforce. However, the continuation of other key divisions mitigates a higher impact.
The company is discontinuing a loss-making division, which is a strategic business decision. While this might lead to short-term adjustments, it aims to improve overall financial health. The core operations in Garment and Yarn divisions remain unaffected.
Technocraft Industries (India) Limited has announced the discontinuation of its Fabric Division's manufacturing operations at Murbad, District Thane, Maharashtra, effective July 20, 2026. This decision stems from adverse market conditions and prolonged losses incurred by the division.
Consequently, the Fabric Segment will be removed from the standalone financial statements of Technocraft Industries (India) Limited. However, the Group's Garment business will proceed uninterrupted through its wholly owned subsidiary, Technocraft Fashions Limited, which operates garment manufacturing facilities in Amravati, Maharashtra, and Betul, Madhya Pradesh. The Company's Yarn Division will continue its operations as usual, with manufacturing facilities in Amravati operated by Technocraft Industries (India) Limited and its wholly owned subsidiary, Technocraft Textiles Limited.
The financial details for the discontinued Fabric Division for the past three fiscal years are as follows: Turnover was ₹125.83 crore in 2025-26 (₹172.84 crore in 2024-25 and ₹161.65 crore in 2023-24). The loss after depreciation and before tax was ₹2.86 crore in 2025-26 (₹6.23 crore in 2024-25 and ₹10.73 crore in 2023-24).
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Technocraft Industries (India) Limited filed this with the NSE as a statutory disclosure, categorised under restructuring. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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