Riddhi Display Equipments Limited has successfully established and commenced commercial operations at its new manufacturing facility located at Murli Purwa Khasara No. 923, Deva Road, Lucknow-226028, Uttar Pradesh, India. The facility is now fully operational as of the disclosure date.
The new manufacturing facility was established as part of the company's strategic expansion plans with the objectives of enhancing manufacturing capabilities, strengthening production capacity, improving operational efficiencies, and catering to the growing demand for the company's products across various regions.
Expected benefits from the commencement of operations at the Lucknow manufacturing unit include:
- Increase in the company's overall manufacturing capacity
- Improvement in supply chain efficiency and logistics
- Strengthening of the company's presence in North India
- Enhancement of timely execution of customer orders
- Support for the company's long-term growth strategy
The company believes this expansion will contribute positively toward its future business operations and create long-term value for all stakeholders.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Company's Policy on Determination of Materiality of Events and Information.
Company registration details: CIN: U29300GJ2006PLC047501, GST NO. 09AADCR2451C1ZP
Registered Office and Factory: Plot No.1, Survey No.2/1 P4/P2, National Highway-27, Gondal Highway, Village: Bhojpara, Gondal, Rajkot -360311, Gujarat, India.