Key Agenda Items Approved:
1. Expansion into Retail Market Segment
- The Board approved the expansion of the company's business by entering the retail market segment
- The retail segment will sell all products forming part of the company's existing product portfolio
- Investment of ₹250 million (25 crore) approved for setting up retail shops
- Expansion will be implemented in an "aggressive phased manner"
- Phase-I plans include opening approximately 500 retail outlets
2. Launch of Various Products
- The Board decided the company will introduce various products in the retail market segment
- Product introduction will be based on assessment of market demand
- Supply conditions and potential market opportunities will guide product selection
The disclosure was signed by Ajay Popatlal Vachhani, Whole-Time Director (DIN: 00585290), and submitted to the Bombay Stock Exchange Limited for record.