Acknit Industries Expands Manufacturing Facilities, Approves Q1 FY2026 Results

Acknit Industries Limited has announced significant developments in its manufacturing capabilities alongside the approval of its quarterly financial results. The company's Board of Directors convened on August 4, 2025, to review and approve the unaudited financial results for the quarter ended June 30, 2025.

Manufacturing Expansion

In a strategic move to bolster its production capacity, Acknit Industries has revealed two key expansions:

1. New Industrial and Readymade Garment Facility: The company is set to operationalize a new manufacturing facility at Mouza, Gopalpur, Chandigarh, North 24 Parganas, West Bengal. This facility, dedicated to industrial and readymade garment production, is expected to become operational within the current financial year.

2. Hand Glove Manufacturing Expansion: Acknit Industries has expanded its hand glove manufacturing facilities at Falta Industrial Park, Falta Sector-III, South 24 Parganas, West Bengal. This expansion is aimed at increasing the company's production capacity in the hand glove segment.

Financial Results Approval

The Board meeting, which commenced at 3:00 PM and concluded at 5:00 PM on August 4, 2025, focused on the following key points:

• Approval of unaudited financial results for Q1 FY2026 (quarter ended June 30, 2025)
• Review of the Limited Review Report issued by statutory auditors, SRB & Associates, Chartered Accountants

Corporate Governance

In compliance with Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Acknit Industries has promptly disclosed the outcome of the Board meeting to the stock exchanges. The company's commitment to transparency is evident in its timely communication of material developments to shareholders and the market.

Shri Krishan Saraf, Managing Director of Acknit Industries Limited, signed off on the official communication to the stock exchanges, underlining the company's adherence to regulatory requirements and commitment to shareholder communication.

These developments signal Acknit Industries' focus on expanding its manufacturing footprint in the industrial garments and hand gloves sectors. The operationalization of the new facility and the expansion of existing ones could position the company for potential growth in the coming financial periods.