Acknit Industries Ltd to close operations at Unit 1 in Falta Special Economic Zone

The Board of Directors of Acknit Industries Ltd at its meeting held on 24th October, 2025 considered and approved closure of operations at a company's manufacturing unit situated in Unit-1 of Falta Special Economic Zone.

Further, the Unit-1 altogether is divided into separate segments, out of which operations of only one segment will be discontinued.

It is to be noted that above closure of operations will not have any material and adverse effect on the company's profitability as the directors are taking all possible measures to substitute the manufacturing produces of that particular unit by some other viable alternatives.

Due to increase in US tariff and lack of fresh orders from other countries, the produce from our factory situated at Unit-1 of Falta Special Economic Zone have become unsustainable in competitive market.

Shares of ACKNIT INDUSTRIES LTD. was last trading in BSE at Rs. 306.45 as compared to the previous close of Rs. 295.00. The total number of shares traded during the day was 467 in over 14 trades.

The stock hit an intraday high of Rs. 308.00 and intraday low of 293.00. The net turnover during the day was Rs. 139602.00.

Source : Equity Bulls

Keywords

ACKNITINDUSTRIES INE326C01017 ClosureofOperations ManufacturingUnit Unit1 FaltaSpecialEconomicZone