Candour Techtex Limited has entered into a Memorandum of Understanding with Ratanmoti Texfab (India) Pvt. Ltd. to supply coated and laminated fabrics for the Indian Defence Industry. The agreement positions the company within the supply chain for the Defence Research and Development Organisation.

Candour Techtex announced the partnership on September 16, 2026, marking an expansion into specialised technical textiles. Under the arrangement, Ratanmoti Texfab will supply base fabrics to Candour Techtex, which will perform coating and lamination processes at its manufacturing facilities. The finished products will then be supplied by Ratanmoti Texfab to the Aerial Delivery Research and Development Establishment (ADRDE) under DRDO.

Strategic Expansion

The MOU represents a long-term arrangement focused on meeting specific technical and quality requirements for defence applications. Candour Techtex will leverage its existing capabilities in processing technical fabrics to support this segment. The company aims to establish a presence in this specialised niche while collaborating with an established industry participant.

Jayesh Ramniklal Mehta, Chairman and Managing Director, stated that the association allows the company to apply its coating expertise to defence sector needs. He emphasized maintaining required quality standards as the relationship progresses.

What the Numbers Show

The source material contains no financial figures, order values, or revenue projections associated with this MOU. The arrangement is purely operational at this stage, with no disclosed monetary impact or volume commitments.

Regulatory Disclosure

The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the Listing Managers of BSE Limited and The Metropolitan Stock Exchange of India Limited.

Disclaimer

The MOU does not guarantee specific orders or business volumes. Financial implications depend on actual orders, specifications, and commercial terms. No revenue or profitability impact can be determined at this stage.

Candour Techtex will hold its 40th Annual General Meeting on September 29, 2026. The meeting aims to adopt FY26 financial results and seek approval for a ₹12 crore inter-corporate deposit facility.

The company confirmed the meeting date in a regulatory filing on September 8, 2026. Jayesh R. Mehta, Managing Director, signed the notice convening the AGM. The session will be conducted via video conferencing or other audio-visual means, as permitted by Ministry of Corporate Affairs circulars.

Meeting Logistics

The AGM is scheduled for Tuesday, September 29, 2026, at 3:00 pm (IST). Remote e-voting will be facilitated by Purva Sharegistry (India) Pvt. Ltd. The voting window opens on September 26 and closes on September 28, 2026.

Shareholders can access the Annual Report for the financial year 2025-26, along with the AGM notice, on the company’s website under the ‘Annual Reports’ tab.

Key Agenda Items

The notice outlines two ordinary business items and one special business item for shareholder consideration:

• Adoption of audited standalone financial statements for the year ended March 31, 2026.
• Re-appointment of Ms. Sharmila Hiralal Amin as director, retiring by rotation.
• Approval for utilising funds earmarked for fixed deposits to grant inter-corporate deposits.

Special Resolution Details

The board seeks consent to temporarily deploy unutilised proceeds from a preferential issue of securities. These funds are currently earmarked for specific objects disclosed in offer documents but remain unused pending deployment.

The proposed resolution allows the board to place these funds in fixed deposits or grant secured/unsecured inter-corporate deposits (ICDs) and loans to other body corporates. The aggregate outstanding amount under this facility is capped at ₹12,00,00,000 (Rupees Twelve Crores only).

This deployment is strictly temporary and does not constitute a change in the objects of the preferential issue. The board must ensure funds are recalled when required for their intended purposes. The limit is subject to Section 186 of the Companies Act, 2013, and applicable rules.