Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
Not Specified
Other Significant Information:
The Board of Directors approved the following items:
- Purchase of approximately 40 acres of land at Gosainsar, Bikaner, Rajasthan for expansion of the M.S. Pipe-related project
- Purchase of 9 units in Arihant Arshiya Apartment, Khalapur, Raigad, Maharashtra for staff accommodation for employees and other personnel deployed at the project site
- Total consideration: ₹2.61 Crore (Rupees Two Crores Sixty-One Lakhs only)
- Capital expenditure (CAPEX) of ₹12 Crore (Rupees Twelve Crores only) for modernization of various sleeper and infrastructure sites
- Includes procurement of allied machineries for enhancing operational efficiency
- Purpose: Strengthening the Company's infrastructure and machineries capabilities to meet business and operational requirements
- Leasing of the pre-cast manufacturing unit owned by the Company and situated at Nadiad, Kheda, Gujarat
- Authorization for execution of requisite lease agreement and other related documents