Shree Karni Fabcom Limited Approves Closure of Stitching Facility Unit
Shree Karni Fabcom Limited has approved the closure of operations at its stitching facility, a decision reached during a Board meeting held on Wednesday, June 24, 2026. The move is part of efforts to optimize operational capabilities and enhance overall business profitability across the company.The management confirmed that the closing of the stitching division is scheduled for completion by the end of June, 2026. This strategic decision involves consolidating operations as the company focuses on improving its corporate efficiency and mitigating identified risks.
The closure impacts the performance metrics associated with the unit in the previous financial year. The data provided indicates that the stitching facility contributed significantly to the company's revenue and equity.
Financial details regarding the stitching unit, including turnover and net worth contributions, are summarized below:
| Financial Metric | Amount (Rs. In Crores) | Percentage (%) |
|---|---|---|
| Turnover contributed by the unit (last financial year) | 16.29 | 8.03 |
| Net worth contributed by the unit (last financial year) | 10.47 | 9.60 |
The company has confirmed that there are no outstanding binding agreements related to the sale of this specific unit or division, and the operations closure timeline remains set for the end of June, 2026.
SHREEKARNI Stock Price Movement
Shree Karni Fabcom Limited shares slipped slightly today, settling at ₹462.85 after closing down 0.04%.The stock saw low trading activity, with a total traded volume of 1,050 shares reported in the session.
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