Flexituff Ventures International Limited , a leading manufacturer of technical textiles, has announced a temporary shutdown of its Kashipur plant in Uttarakhand due to a critical raw material shortage. The company disclosed this information in a regulatory filing to the stock exchanges on September 24, 2025.

Plant Closure Details

The Kashipur facility, which accounts for a significant portion of Flexituff Ventures' production capacity, ceased operations on September 24, 2025. The company cited "supply chain and vendor-related challenges" as the primary reasons for the non-availability of essential raw materials, leading to the plant's closure.

Financial Impact

The shutdown of the Kashipur plant is expected to have a substantial impact on Flexituff Ventures' operations. According to the company's disclosure:

The closure of a facility contributing nearly four-fifths of the company's total turnover underscores the severity of the situation and its potential financial implications.

Operational Status and Mitigation Efforts

Flexituff Ventures reported that the shutdown has resulted in a temporary suspension of manufacturing activities at the Kashipur unit. The company is currently assessing the expected duration of the downtime.

To address the situation, Flexituff Ventures is taking the following steps:

1. Actively engaging with suppliers and logistics partners
2. Addressing underlying commercial issues
3. Working to restore material flow and resume operations as soon as possible

Management Statement

Rahul Chouhan, Whole Time Director of Flexituff Ventures International Limited, signed the regulatory filing, assuring stakeholders that the company will keep the stock exchanges informed of any further developments regarding the plant closure.

As the situation unfolds, investors and industry observers will be closely monitoring Flexituff Ventures' efforts to resolve the raw material shortage and resume operations at its crucial Kashipur facility. The company's ability to quickly overcome these supply chain challenges will be critical in minimizing the financial impact and maintaining its market position in the technical textiles industry.

Flexituff Ventures International Limited , a leading player in the technical textile industry, has announced a significant addition to its board of directors. The company has appointed Mr. Sunil Ramsinghani as a Non-Executive Independent Director for a five-year term, effective from May 28, 2025.

Shareholder Approval and Appointment Details

The appointment of Mr. Ramsinghani was approved by shareholders through a postal ballot, which concluded on August 21, 2025. This decision reflects the company's commitment to strengthening its leadership team with experienced professionals.

Ramsinghani's Expertise and Background

Mr. Sunil Ramsinghani brings over 18 years of comprehensive experience in software development, project management, and executive leadership to Flexituff Ventures. His appointment is expected to add significant value to the company's strategic direction, particularly in areas of technology and digital transformation.

Throughout his career, Ramsinghani has held pivotal roles including:

• Software Engineer
• Team Lead
• Tech Lead
• Project Manager
• Product Owner
• Chief Technology Officer

He has collaborated with multinational corporations such as CDN Solutions, Webgility, Together Light Inc., and Souped Up, demonstrating a diverse range of experience in the tech industry.

Key Contributions Expected

Ramsinghani's multifaceted expertise is anticipated to contribute effectively to board-level decision-making, particularly in:

1. Technology strategy
2. Risk assessment
3. Digital transformation
4. Strategic management
5. Business administration
6. Corporate governance

Compliance and Independence

Flexituff Ventures has confirmed that Mr. Ramsinghani meets the independence criteria under the Companies Act, 2013 and SEBI Listing Regulations. The company also stated that he is not related to any existing directors, ensuring objectivity in his role.

Looking Ahead

The appointment of Mr. Sunil Ramsinghani as an Independent Director signals Flexituff Ventures' focus on incorporating technology-driven insights into its business strategy. As the company navigates the evolving landscape of the technical textile industry, Ramsinghani's extensive experience in software development and executive leadership is expected to provide valuable perspectives for future growth and innovation.

Flexituff Ventures International Limited continues to demonstrate its commitment to strong corporate governance and strategic leadership as it moves forward in the dynamic business environment.