Millworks Technologies Limited has established a Centre of Excellence for 3D printing in collaboration with Markforged Holding Corporation at its Bengaluru facility. The initiative aims to accelerate rapid prototyping for aerospace and defence customers.

The new centre houses seven machines, including industrial 3D printers, post-processing systems, and scanning equipment. It operates on Markforged’s Digital Forge platform, enabling on-demand production of carbon fibre composite and polymer components. This infrastructure is designed to shorten development cycles and improve responsiveness to customer requirements for new programmes.

Centre capabilities and equipment

The facility features a comprehensive suite of equipment supporting end-to-end workflows from design to inspection. Key hardware includes the Markforged FX10 industrial composite printer, the Markforged Mark Two (Gen 2) continuous fibre printer, and Formlabs Form 4L and Form 4 resin printers with full post-processing packages. Additionally, the centre utilises a MetaForm 700 FDM large-format printer and a 3DeVOK MT 3D scanner for reverse engineering and dimensional inspection.

Key capabilities include:

• Composite materials: Continuous Carbon Fibre, Kevlar, Fiberglass, and High-Temperature Fiberglass
• Resin printing: High-resolution and large-format parts using Formlabs technology
• Applications: Functional prototypes, development parts, fixtures, and tooling for aerospace and defence programmes

Strategic implications for growth

Sridhar Acharya, Managing Director of Millworks Technologies, stated that the centre strengthens the company's role as an engineering partner from the earliest stage of a programme. He noted that customers increasingly expect development parts within short timelines, a demand the new facility addresses through faster production than conventional routes allow.

The company highlighted that aerospace and defence programmes typically run for many years. Consequently, each qualification achieved through this capability can support long-term, recurring business for its precision machining operations. This aligns with the company’s focus on disciplined growth and sustainable value creation.

Financial context

Millworks Technologies, founded in 2021 and listed on the BSE SME platform in July 2026, reported strong financial performance for FY26. The company operates under Build-to-Print and Build-to-Spec models, serving OEMs across railways, aerospace, defence, and semiconductor sectors.

What the numbers show

The establishment of the Centre of Excellence coincides with a fiscal year where exports contributed 27.47% to total income. Given that the new facility specifically targets aerospace and defence sectors—industries known for long product lifecycles and high entry barriers—this investment appears strategically aligned with deepening relationships in high-value export markets rather than merely expanding domestic capacity. The move supports the company's stated goal of securing recurring business through early-stage programme involvement.

Millworks Technologies Limited held its fifth Annual General Meeting (AGM) on September 29, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via Video Conferencing from Bangalore, saw shareholders approve the reports of the Board of Directors and Auditors. Mr. Sridhar Acharya, Managing Director, chaired the session after confirming the requisite quorum.

Key resolutions passed

Members considered and approved several ordinary and special business items as outlined in the notice convening the meeting:

• Adoption of Financials: Approval of the audited financial statements for FY26 along with the Board and Auditor reports.
• Director Re-appointment: Appointment of Mrs. Rashmi Sridhar Acharya as a Non-Executive Director in place of herself, who retired by rotation and offered herself for re-appointment.
• Remuneration Revisions: Approval to revise the remuneration for three key directors:
  • Mr. Sridhar Acharya (Managing Director)
  • Mr. Madhu Hulisandra Krishnamurthy (Whole-time Director)
  • Mrs. Sowmya Madhu (Whole Time Director)

Voting results and scrutiny

Mr. Himanshu Surendrakumar Gupta of M/s. Himanshu S K Gupta & Associates was appointed as the Scrutinizer to oversee the e-voting process. The results of the voting have been announced, confirming that all resolutions were passed with the requisite majority.

The electronic voting facility was open from September 25, 2026, to September 28, 2026. Shareholders holding shares as on the cut-off date of September 22, 2026, were entitled to vote. The results were filed with BSE Limited on September 30, 2026, pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015.

The AGM concluded at 12:22 pm with a vote of thanks.