SEZ approval for Hina Textile Mills unit in company's FTWZ; warehouse lease and ICD container revenue expected

Visakhapatnam SEZ has issued a Letter of Approval (Form-G) dated 05th October 2026 to Hina Textile Mills Private Limited to set up a unit in VSF Projects' FTWZ.

Mon 5 Oct 2026

Approval Date

05th October 2026

Letter of Approval Number

26(D)193/2026-27/SSSEZ/VSEZ

Issuing Authority

Visakhapatnam Special Economic Zone

Approval Validity Window

05th October 2026 to 04th October 2027

Post-Commencement Validity

five years from the date of commencement

What the company informed the exchanges

• The Office of the Development Commissioner, Visakhapatnam Special Economic Zone, Department of Commerce, Government of India, has issued a Letter of Approval (Form-G) dated 05th October 2026 to Hina Textile Mills Private Limited.
• This approval allows Hina Textile Mills Private Limited to set up a unit inside the Free Trade and Warehousing Zone (FTWZ) of VSF Projects Limited.
• The Letter of Approval, numbered 26(D)193/2026-27/SSSEZ/VSEZ, is issued under Rule 19 of the SEZ Rules, 2006.

What the unit is allowed to do

• Bonded warehousing.
• Storage and warehousing.
• Packing, repacking and labelling.
• The specified items are roasted cashew nuts, roasted coconut, cotton, synthetic, knitted, pile and coated fabrics, embroidery, agricultural sprayers and massage apparatus.

What this means for the company

• VSF Projects will lease its warehouse space in the FTWZ to Hina Textile Mills Private Limited.
• The company shall also earn revenues from the ICD containers used by Hina Textile Mills Private Limited, based on actual usage.
• The approval adds a new unit to the FTWZ of the company and widens the range of cargo handled in the zone.

Timelines stated

• The Letter of Approval is valid from 05th October 2026 to 04th October 2027, within which the unit is required to implement the project and commence operations. This is extendable by the Development Commissioner.
• Upon commencement of operations, the approval shall be valid for a period of five years from the date of commencement.

How a retail investor can read this

• This is an approval given to a private company to operate inside VSF Projects' FTWZ. The benefit to VSF Projects comes through leasing its warehouse space and through container-related revenue.
• The container revenue is stated to be based on actual usage, so how much it brings in will depend on the volumes Hina Textile Mills Private Limited actually handles.
• The window to implement the project and start operations runs to 04th October 2027, which is the point at which the unit is expected to become operational, subject to extension by the Development Commissioner.
• This is a business development disclosure about a new occupier in the zone, and the quantum of money it generates for the company will follow from the lease and from usage.

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