The Board of Directors of the Company at their meeting held today i.e. March 20, 2026, inter alia, has- 1. decided not to the execute of rent agreement for the new premises situated at ....
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The Board of Directors of Abril Paper Tech met on March 20, 2026 and decided not to proceed with a previously approved rent agreement for new premises at Shubham Textile Hub, Surat (which was approved on November 13, 2025). As a result, no additional manufacturing facility will be set up at that location. Instead, the Board approved a new rent agreement for premises at C-8 & C-9, Shivay Campus, Kosamba, Surat, where the company will establish its manufacturing facility. The Board also authorized permanent and temporary construction or modifications at the new premises as needed for business purposes.
The original expansion plan approved four months ago has been dropped and replaced with a different location in Surat. Shareholders should note the change in expansion plans, though the overall intent to add manufacturing capacity remains intact at the new Shivay Campus premises.