Candour Techtex climbs on signing MoU with Ratanmoti Texfab (India)
Candour Techtex is currently trading at Rs. 61.37, up by 2.37 points or 4.02% from its previous closing of Rs. 59.00 on the BSE.
The scrip opened at Rs. 61.90 and has touched a high and low of Rs. 61.90 and Rs. 61.00 respectively. So far 160 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.00 on 13-Feb-2026 and a 52 week low of Rs. 58.06 on 02-Jun-2026.
Last one week high and low of the scrip stood at Rs. 64.75 and Rs. 59.00 respectively. The current market cap of the company is Rs. 149.81 crore.
The promoters holding in the company stood at 25.27%, while Institutions and Non-Institutions held 0.41% and 74.32% respectively.
Candour Techtex has entered into a Memorandum of Understanding (MoU) with Ratanmoti Texfab (India) (RMTF), Kolhapur, for a long-term arrangement relating to the coating and lamination of fabrics intended for applications in the Indian Defence Industry. Under the proposed arrangement, RMTF will supply fabrics to Candour Techtex, which will undertake the required coating and lamination processes at its manufacturing facilities, in accordance with the applicable specifications and quality requirements. The processed fabrics will thereafter be supplied by RMTF to Aerial Delivery Research and Development Establishment (ADRDE), Defence Research and Development Organisation (DRDO) Station Road, Agra Cantt, Agra.
The MoU represents an important development for the company as its coating and lamination capabilities are proposed to become part of the supply chain serving ADRDE/DRDO through RMTF. The association provides the company with an opportunity to participate in the development and supply chain for specialised coated and laminated textile materials intended for defence-related applications. Through this arrangement, the company will contribute its technical expertise and manufacturing capabilities in the processing, coating and lamination of technical fabrics, with a focus on consistently meeting the specified technical, quality and performance requirements applicable to such specialised applications.
The MoU further provides Candour Techtex with an opportunity to establish and develop its presence in a specialised segment of the technical textile industry and to work with an established industry participant such as RMTF in addressing application-specific requirements.
