Corporates

Paramount Textile To Raise Tk 630 Cr For Debt Repayment & Expansion

Textile Insights June 30, 2025

Paramount Textile Ltd, a listed company under the Paramount Group, plans to raise Tk 630 crore through a zero-coupon bond (Tk 330 crore) and preference shares (Tk 300 crore) to repay high-interest debt and expand production. Both instruments will be issued via private placement, subject to BSEC

Corporates

Shree Ram Twistex Files IPO Papers To Fund Green Projects

Textile Insights June 30, 2025

Gujarat-based cotton yarn manufacturer Shree Ram Twistex has filed draft papers with SEBI on June 27 for an initial public offering (IPO), aiming to raise funds for renewable energy projects and working capital needs. The IPO consists entirely of a fresh issue of 1.06 crore equity shares. The Rajkot-based company plans to use Rs 7.8 […]

Corporates

Welspun Welcomes Vidya Balan As Brand Ambassador

Textile Insights June 26, 2025

Welspun, a leading name in the home textiles sector, has announced renowned actress Vidya Balan as its new brand ambassador. Known for her authenticity, integrity, and thoughtful choices, Vidya Balan embodies Welspun’s core values of quality, trust, and innovation. With a legacy of delivering durable and design-forward home solutions, Welspun has always aimed to enhance

Corporates

Tynor Orthotics Launches Rs 300-Crore Textile Manufacturing Unit In Mohali

Textile Insights June 24, 2025

Punjab’s Minister for Industries, IT and Labour, Tarunpreet Singh Sond, inaugurated a state-of-the-art textile manufacturing unit set up by Tynor Orthotics in Mohali. Named Ortech Textiles, the facility represents a Rs 300-crore investment and spans six acres. It has been established to meet the complete raw material requirements of Tynor Orthotics, a leading manufacturer

Corporates

Fantail Raises US$ 1.6 Million To Build Surat’s First MMF Brand

Textile Insights June 24, 2025

Fantail, a Surat-based B2B textile company specializing in man-made fibres (MMF), has secured US$ 1.6 million in seed funding. The round was led by Riverwalk Holdings, Incubate Fund Asia, and All in Capital. Founded in 2023 by serial entrepreneur Ramya Iyer, Fantail is positioning itself as Surat’s first MMF brand, tapping into the city’s global […]

Corporates

UPM Biochemicals Achieves Key Sustainability Certifications At Leuna Biorefinery

Textile Insights June 24, 2025

Milestone reinforces commitment to sustainable innovation and transparent sourcing UPM Biochemicals has announced that its new biorefinery in Leuna, Germany, has earned ISCC PLUS, PEFC, and FSC chain-of-custody certifications. These globally recognized certifications validate UPM’s commitment to sustainable sourcing, full traceability and transparency throughout its

Corporates

Super Spinning To Sell Or Lease Elgi Towers Property

Textile Insights June 23, 2025

Super Spinning Mills Ltd has announced that its Board of Directors have approved a proposal to sell, lease, or otherwise dispose of its land and building located at ‘Elgi Towers’, Coimbatore. The move is subject to shareholder approval through a special resolution and compliance with Section 180(1)(a) of the Companies Act, 2013, and SEBI Listing […]

Corporates

Ishan Dyes Nears Completion Of Sulphur Derivatives Plant

Textile Insights June 23, 2025

Ishan Dyes and Chemicals Ltd. has informed that its upcoming project for manufacturing sulphur-based derivative products is in the final stages of completion and is expected to be operational within the next 2–3 months. The company stated that the new facility will complement its existing operations and open up new avenues for revenue and profitability. […]

Corporates

Garware Sets Up Wholly-Owned Subsidiary In Norway

Textile Insights June 23, 2025

Garware Technical Fibres Ltd., has incorporated a wholly-owned subsidiary, Garware Technical Fibres AS (GTF AS), in Norway on June 17, 2025. With an initial capital of NOK 30,000 (~ Rs 2.46 lakh), GTF AS will take over the Company’s existing business operations in Norway on a going concern basis, aligning with Garware’s core technical textiles […]

Corporates

Suominen Announces Change In Executive Management Team

Textile Insights June 23, 2025

Suominen Corporation has announced a change in its Executive Management Team, effective August 1, 2025. Jonni Friman, Executive Vice President of the Transformation Management Office (TMO), will be leaving the company to explore new opportunities outside the organization. President & CEO Tommi Björnman expressed gratitude for Friman’s contributions, stating, “I want to