The Company at its meeting of board of directors held on 20th March, 2026 at 04.00 p.m. and concluded at 05.15 p.m. has (1) decided not to execute rent agreement for premises situated at ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
At a board meeting on 20th March 2026, Abril Paper Tech Ltd decided NOT to go ahead with a previously approved rent agreement (originally cleared in November 2025) for a manufacturing premises at Shubham Textile Hub, Lindiad, Mangrol, Surat. Instead, the board approved a fresh rent agreement for a different premises at C-8 & C-9, Shivay Campus, Kosamba, Surat, and authorised the company to carry out required constructions and modifications. The company stated it will establish its new manufacturing facility at this Kosamba premises. The new facility is at the planning/premise-setup stage and has not yet been commissioned.
For shareholders, this is a location swap rather than a cancellation of expansion — the company is still adding manufacturing capacity, just at Kosamba instead of Mangrol. Investors should watch for further updates on capex size, timelines, and commissioning of the Kosamba facility, as any change in location can shift project costs and execution timelines.