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Technocraft Ind
BSE: 532804NSE: TIILISIN: INE545H01011

16th-Sep-2020 16:16Source: BSE

Technocraft Industries (India) - Disclosure Of Material Event/ Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015

We, Technocraft Industries (India) Limited, are having a yarn division having consolidated capacity of around 87,000 spindles.

During the nationwide lockdown due to Covid 19, the said yarn division was closed towards the end of March 2020. This division along with other divisions were re-started gradually however out of the above, 30,000 spindles had not been restarted yet. Now the company has, considering the business outlook, decided not to re-start these 30,000 spindles in future also, which were already closed during lockdown.

Therefore, for the benefit of the stakeholders we would like to disclose pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that the 30,000 spindles are now proposed to be kept non-operational permanently.

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