Candour Techtex Limited , a textile engineering company, has announced a significant capital raise of INR 198 crore through warrants and preferential allotment. This move aims to support the company's expansion plans in the technical textiles sector.

Key Highlights of the Capital Raise

Expansion Plans

Candour Techtex has outlined ambitious expansion plans for its technical textiles business:

• Coating Capacity: Increase from 3.8 million meters to 9.5 million meters by FY28
• Lamination Capacity: Expand from 6 million to 15 million meters annually

Recent Orders

The company has secured significant orders, demonstrating its strong market position:

• INR 20 crore order from Faze Three
• INR 29 crore order from ASK Apparels

Use of Funds

While specific details on the use of funds were not provided, the capital raise is expected to support the company's expansion plans and strengthen its position in the technical textiles market.

Investors and market watchers will likely monitor how Candour Techtex utilizes this capital infusion to achieve its growth objectives in the coming years.

Candour Techtex Limited (formerly known as Chandni Textiles Engineering Industries Ltd) has announced a significant development in its financial strategy. The company's Board of Directors is set to convene on October 20, 2025, to deliberate on a proposal for raising funds through various means.

Key Points of the Announcement

• Meeting Date: October 20, 2025 (Monday)
• Primary Agenda: Consideration of fund raising proposal
• Potential Fund Raising Methods:
  • Preferential Issue
  • Qualified Institutions Placement (QIP)
  • Issue of Equity Shares
  • Issue of Convertible Securities

Regulatory Compliance and Shareholder Approval

The company has emphasized that any fund-raising activities will be conducted in accordance with:

1. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
2. Companies Act, 2013 (as amended)

Furthermore, the Board will discuss the possibility of convening an Extraordinary General Meeting (EGM) to seek shareholder approval for the proposed fund-raising initiatives.

Market Impact

This announcement could potentially impact Candour Techtex's stock performance and investor sentiment. The company's move to explore various fund-raising options suggests a strategic approach to capital management and possibly indicates plans for expansion or debt restructuring.

Company Background

Candour Techtex Limited operates from its registered office in Mumbai. The company's proactive approach to financial planning, as evidenced by this announcement, reflects its commitment to growth and shareholder value.

Investors and market watchers will be keenly awaiting the outcome of the October 20 board meeting, which could provide further insights into Candour Techtex's financial strategy and future plans.