Corporates

Vardhman Polytex Approves Rs 35 Crore NCD Issue

Textile Insights March 23, 2026

Vardhman Polytex has approved the issuance of INR-denominated, listed, senior, secured, rated, redeemable Non-Convertible Debentures (NCDs) worth up to Rs 35 crore on a private placement basis. The decision was cleared by the company’s board of directors at its meeting held on March 19, 2026,

Corporates

Tata Chemicals Completes Novabay Acquisition To Expand Global Presence

Textile Insights March 23, 2026

Tata Chemicals, through its wholly-owned subsidiary Tata Chemicals International Pte. Ltd, has completed the acquisition of Novabay Pte. Ltd on March 19, 2026. The transaction, first announced in December 2025, was finalised following the fulfilment of conditions outlined in the share purchase agreement. The acquisition marks a key step in strengthening Tata Chemicals’

Corporates

Lululemon Appoints Former Levi’s CEO Chip Bergh To Board

Textile Insights March 23, 2026

Lululemon Athletica inc. has appointed Chip Bergh, former President and CEO of Levi Strauss & Co., to its Board of Directors, effective immediately. The appointment is part of Lululemon’s ongoing board refresh strategy, with five independent directors added over the past five years. The company said Bergh’s extensive experience in brand transformation, retail growth

Corporates

OnceMore Partners TextileGenesis For MMCF Traceability

Textile Insights March 23, 2026

OnceMore, the large-scale textile-to-pulp recycling initiative by Södra, has partnered with TextileGenesis, a Lectra company, to implement end-to-end traceability across its man-made cellulosic fibres (MMCF) value chain. OnceMore recognized for recycling blended textile waste into high-quality dissolving pulp, will integrate TextileGenesis’ digital platform to enable

Corporates

Sumeet Industries Wins Bid For Nakoda Polyester Chips Plant

Textile Insights March 23, 2026

Sumeet Industries has emerged as the successful bidder (H1) for the acquisition of assets at the phase-3 chips manufacturing plant of Nakoda under the Corporate Insolvency Resolution Process. The company’s board has approved the Letter of Intent dated March 11, 2026, confirming the acquisition on a slump sale basis. The transaction, valued at approx. Rs […]

Corporates

Mafatlal Industries Bags Rs 114 Cr Robotics Lab Project In Odisha

Textile Insights March 23, 2026

Mafatlal Industries Ltd has secured an order worth approx. Rs 114 crore from the Odisha Computer Application Centre for a five-year project focused on robotics education. The project involves setting up 500 robotic laboratories across 16 districts in Odisha under the state’s School and Mass Education Department. It will include the establishment of advanced labs […]

Corporates

Northshore Apparel Selects Coats Digital For Ghana Hub

Textile Insights March 23, 2026

Northshore Apparel Ghana Ltd has selected the full suite of solutions from Coats Digital to build the digital backbone of its upcoming sustainable manufacturing hub in northern Ghana. Backed by the Ghanaian and German governments, the start-up is developing a zero-waste, state-of-the-art facility on reclaimed land, positioning it as the region’s first regenerative apparel

Corporates

Azerbaijan Textile Association Joins ITMF To Boost Global Integration

Textile Insights March 23, 2026

The Azerbaijan Textile Association (ATA) has become a member of the International Textile Manufacturers Federation, marking a significant step in strengthening Azerbaijan’s integration into the global textile value chain. ATA, which represents the country’s textile and apparel industry, plays a key role in sector development, policy advocacy and international

Corporates

Welspun Living To Acquire 35% Stake In Welspun Corporate Services

Textile Insights March 23, 2026

Welspun Living has approved the acquisition of a 35% stake in Welspun Corporate Services (WCSL) for Rs 35,000 through the purchase of 3,500 equity shares. The remaining 65% stake in WCSL will be held by other Welspun Group entities. The approval was granted by the company’s board of directors at its meeting held on March […]

Corporates

Sreeja Balachandra Appointed Associate Vice President At Gokaldas Exports

Textile Insights March 17, 2026

Sreeja Balachandra has been appointed Associate Vice President at Gokaldas Exports Limited in Bengaluru. In her new role, she will lead transformational initiatives across the company’s manufacturing operations, focusing on operational excellence, process optimisation and organisational capability building. Prior to joining Gokaldas Exports Limited, Balachandra served as