Regulatory Disclosure Details
Key Development
Walter Pack Automotive Products India Private Limited, a wholly-owned subsidiary of S.J.S. Enterprises Limited, is undertaking capacity expansion through establishment of a new manufacturing facility on a Build-to-Suit basis at Village Koregaon Bhima, Taluka Shirur, District Pune, Maharashtra.
Transaction Details
- Agreement Type: Agreement to Sub-Lease
- Execution Date: October 11, 2026 (registered on same date)
- Location: Village Koregaon Bhima, Taluka Shirur, District Pune, Maharashtra
Current Operations
Walter Pack currently operates three manufacturing plants at MIDC Ranjangaon, District Pune, Maharashtra:
- Plot Nos. D-50, D-51 and D-54
- Two plants are leased, one is owned
- Total existing capacity: 64,273 Sq Ft
- Current capacity utilization: 75%
Expansion Details
- New facility total built-up area: ~127,359 Sq Ft
- Net capacity addition: 63,086 Sq Ft (over existing 64,273 Sq Ft)
- Expected commercial operations commencement: May 2027
- Operations consolidation: All three existing plants' operations will be relocated to the new facility
Financial Investment
- Relocation cost & basic infrastructure setup: ~Rs. 15 Crore
- Building on lease (Right of Use): ~Rs. 34 Crore
- Total investment required: ~Rs. 49 Crore
- Mode of financing: Internal accrual / debt
Rationale and Impact
The expansion is part of the Company's ongoing consolidation and expansion programme aimed at:
- Consolidating manufacturing operations from three separate plants into a single, larger facility
- Improving operational efficiency
- Creating headroom for future expansion
- Augmenting the production capacity of Walter Pack