Acknit Industries Ltd — Important, 25-10-2025: Company Update

ACKNIT INDUSTRIES LIMITED's board has approved closing operations for one segment of its manufacturing unit in the Falta Special Economic Zone. This decision stems from the unit's products becoming unsustainable due to increased US tariffs and a lack of fresh international orders. Importantly, the company states this closure will not materially impact its profitability, as the unit's contribution to total revenue and net worth was insignificant. Management is actively seeking alternative production methods to offset the closure's effect.