74.85% is “officially” held by promoters under the promoter category.
Rest held by Almond Polytraders Pvt Ltd – 8.23% and
Liable Textiles Pvt Ltd – 2.81% in public
Totaling to about 85.89%.
As per doubling capacity what I understand is that the entire industry is not in a good shape right now, however the promoters believe the industry will recover late 2024 and should start blooming after 2026 as predicted by many experts in this space so they are keeping production capacities ready if demand grows.
They have minimal debt and a strong balance sheet so picking up cheap debt wont be a problem to them.
To add CRISIL has also upgraded their rating to A/ positive from stable
I hold small qty for tracking purposes
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