Candour Techtex Approves FY26 Results, Initiates Major Strategic Expansion in Naval and Aerospace Sectors

Candour Techtex Approves FY26 Results, Initiates Major Strategic Expansion in Naval and Aerospace Sectors​

Candour Techtex Ltd., formerly known as Chandni Textiles Engineering Industries Limited, announced significant corporate developments following its Board of Directors meeting on June 18, 2026. The company approved the audited financial results for the quarter and full fiscal year ending March 31, 2026. Furthermore, the Board advanced a major strategic expansion by approving alterations to the company's Memorandum of Association (MOA), subject to subsequent shareholder approval.

The board meeting focused on adopting these key outcomes, alongside providing essential updates regarding the firm’s operations and financial standing.

Strategic Expansion: Alteration of Business Objects​

A central part of the Board decision was expanding the company's scope by adding new business activities to the main Object Clause (III)(A) of its Memorandum of Association. The proposed expansion covers two highly specialized industrial sectors, which will benefit the furtherance of the company’s operations.

The approved alterations include:
1. Naval and Defense Shipbuilding: Undertaking the design, manufacturing, assembly, commissioning, and delivery of all types of naval vessels, warships, submarines, patrol boats, defense crafts, and auxiliary vessels for national and international defense or governmental authorities. This includes integrating specialized military hardware and advanced marine technology while adhering to strict security protocols.
2. Aerospace Engineering: Carrying out the business of designing, developing, manufacturing, fabricating, and servicing all kinds of aerospace engineering products, aviation components, UAV parts, structures, and related technical consultancy services.

Financial Performance Highlights for FY 2026​

The audited financial results reflected a diverse performance across various segments during the fiscal year ending March 31, 2026. Total Net Sales/Income from Operations stood at Rs 5,812.93 Crores. The company recorded a Profit/(Loss) Before Tax of (Rs 121.00 Crores).

Key financial figures for the full year ending March 31, 2026, are presented in the table below:


The company’s balance sheet showed a total asset value of Rs 16,153.68 Lakhs as at March 31, 2026, while Total Equity and Liabilities stood at Rs 16,153.68 Lakhs.

Segmental Performance Overview​

The company operates across multiple divisions, including Textile, Plastic, Trading, and Technical Textile divisions. The segmented results illustrate varied performance across the reporting periods.


The total capital employed in the company stood at Rs 16,153.68 Lakhs as of March 31, 2026.

Financing Activities and Fund Utilization​

The company previously completed a preferential allotment of equity shares and convertible warrants. The fundraising activities generated Rs 65.68 Crores from equity and Rs 99.65 Crores from warrants in February 2026. Against these funds, the company utilized Rs 45.28 Crores. Management confirmed that there was no deviation regarding the utilization of the raised funds against the original objects stated in the offer documents.

The board meeting also concluded with setting the date for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for the amendment of the Memorandum of Association on Wednesday, July 22, 2026.

Stock Price Movement​

Candour Techtex Ltd settled at ₹83.55 on Thursday, gaining 1.70% in market close. The shares experienced movement throughout the trading session, reaching a high of ₹85.99 and hitting a low of ₹81.13.