Sonaselection India Ltd., an integrated fabric manufacturing and processing company, will launch its Initial Public Offering (IPO) on September 17, 2026. The issue will close on September 21, while the Anchor Investor bidding will open on September 16.
Manufacturing News
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India’s textile and apparel industry has started adopting artificial intelligence (AI), automation and digitalisation, but its overall readiness remains uneven, with significant gaps in digital systems, skills and investment capacity across the value chain, according to a new study by the Confederation of Indian Textile Industry (CITI).
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India’s textile sector is entering a multi-year growth phase, with the global “China+1” sourcing shift creating opportunities for the country to expand exports and gain market share, according to a Jefferies report.
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Textile manufacturer SVP Global Textiles has reported a consolidated net profit of Rs 45.62 crore (US $4.78 million) for FY 2025-26, marking a sharp turnaround from a consolidated net loss of Rs 979.54 crore (US $102.56 million) in the previous fiscal.
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Shree Balaji (Mala) Textiles Ltd, a Manufacturer of Cotton Fabric & Rayon Fabrics has reported a 9.80% year-on-year increase in revenue to Rs 211.97 crore (US $22.43 million) for FY 2025-26, while profit after tax (PAT) rose 17.40% to Rs 5.78 crore (US $611,705).
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India’s apparel industry is expecting stronger sales during the upcoming festive season, with 52% of members of The Clothing Manufacturers Association of India (CMAI) forecasting higher sales compared with last year.
