Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board Meeting
Date of Board Meeting / Approval: 27 July 2026
Corporate Actions:
The Board of Directors has approved a significant capital expenditure project as part of the company's strategic growth and expansion initiatives.
Expansion / Capex:
- The company will establish a new manufacturing facility for Epoxy Resin & Formulations and a Multi-Purpose Plant (MPP) at its existing facility in Dahej, Gujarat.
- Product Details: Epoxy Resin & Formulations and Multi-Purpose Plant (MPP)
- Proposed Capacity: 1,25,000 TPA for Epoxy Resin & Formulations (no existing capacity)
- Implementation Timeline: By H2 FY2028 (second half of financial year 2028)
- Total Investment Required: Estimated ₹600 Crore
- Mode of Financing: Mix of Debt and Internal Accruals
- Strategic Rationale: To expand the product portfolio and meet the growing demand