Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations
Date of Board Meeting / Approval: August 11, 2026
Meeting Duration: Commenced at 12:00 noon IST and concluded at 02:15 p.m. IST
Corporate Actions:
- The Board of Directors approved a capital expenditure proposal to set up a rolling mill
- The project represents backward integration at the company's Raipur Plant
- The approved capex amount does not exceed ₹150 crores
Regulatory Disclosures:
- The filing was digitally signed by Shweta Girotra, Company Secretary, on August 11, 2026 at 14:21:33 IST
Other Significant Information:
- The rolling mill project is specifically described as "backward integration" indicating vertical integration strategy
- The project location is specified as the existing Raipur Plant