Acknit Industries News

Acknit Industries Reports Q3FY26 Results

Acknit Industries posted Q3FY26 net profit of ₹145.55 lakhs vs ₹177.26 lakhs YoY. Revenue declined to ₹5,149.75 lakhs from ₹5,527.89 lakhs. Company announces expansion plans across multiple facilities.

Acknit Industries Postal Ballot Results Announced

Acknit Industries Limited announces postal ballot results with both special and ordinary resolutions passed through remote e-voting process conducted from November 19 to December 18, 2025.

Acknit Industries Closes Manufacturing Unit in Falta SEZ Due to US Tariff Impact

Acknit Industries Limited announced the closure of operations at one segment of its manufacturing unit located in Unit-1 of Falta Special Economic Zone. The Board of Directors approved this decision on October 24, 2025. The closure is attributed to increased US tariffs and lack of fresh orders from other countries, making production unsustainable in the competitive market. The company stated that the revenue and net worth contribution from this unit to total turnover is insignificant, and the closure will not have material adverse effects on profitability. Directors are implementing measures to substitute manufacturing output through viable alternatives. The closure timeline is subject to appropriate authority approval.