Company Disclosure: Operational Shift from Bhiwandi to Gujarat Unit
Regulatory Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Operational Details
- The Bhiwandi Unit was operating from leased premises and was primarily engaged in the manufacture of value-added goods.
- All operations previously conducted at the Bhiwandi Unit have now commenced from the company's Gujarat Unit.
- The manufacturing activities relating to value-added goods that were earlier undertaken at Bhiwandi are now being carried out from the Gujarat facility.
Rationale and Benefits
The shift has been undertaken as part of the company's operational realignment and consolidation of its manufacturing activities. The Gujarat Unit offers:
- Significantly larger and more suitable operational infrastructure
- Enhanced manufacturing capacity
- Improved utilization of resources
- Adequate scope to scale up operations and accommodate future expansion
Current Status
The company has ceased its operations at the Bhiwandi Unit in the leased premises following the successful transition to the Gujarat facility.