Aarnav Fashions Share Price Hits One-Year High After ₹17.25 Crore Loan Sanction

Aarnav Fashions’ stock reached a one-year high of ₹70.10 during Wednesday’s trading session on the Bombay Stock Exchange (BSE), surging 3.90% from the previous close of ₹67.47. The stock has seen a modest increase of 1.22% over the last year, but more notably, it has jumped over 49% in the past six months.

This surge in the stock price comes after the company announced that it had secured a ₹17.25 crore Term Loan facility from its bankers. The loan will fund the next phase of the company’s expansion and modernization plan, which has a total project cost of ₹24 crore. The company noted that the program would replace some of its old and obsolete machinery with newer technology to enhance operational efficiency.

Key Upgrades and Modernization Plans

Aarnav Fashions outlined several major improvements in its facilities as part of this modernization initiative:

  • New Steam Boiler and Turbine: The company plans to replace its old steam boiler with a higher capacity 32 TPH steam boiler, along with a 2.34 MW turbine for captive power generation. This change is expected to lead to a 50% reduction in the total energy bill.
  • Automatic Rotary Screen Stripping Machine: The company will install a fully automatic imported Rotary Screen Stripping Machine to replace the manual process, increasing screen life and reducing costs.
  • Digital Printing Machine: To meet rising demand for digitally printed cotton fabrics, Aarnav Fashions will install an imported digital printing machine with a production capacity of 8,000 meters per day.
  • Stenter Machines: The company is also adding one new Stenter machine to boost its production capacity.

Additional Machinery Upgrades

As part of the modernization, Aarnav Fashions will also replace other plant and machinery, including mercerizing machines, jigger machines, and jet dyeing machines. The company expects commercial production from this new equipment to begin by October 2025.

The expansion and modernization plan is aimed at improving efficiency, increasing production capacity, and meeting customer demands for high-quality, digitally printed fabrics. With these strategic upgrades, Aarnav Fashions is positioning itself for long-term growth and competitiveness in the textile industry.

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