Announcement Under Regulation 30 (LODR)- Update on Proposed Semiconductor Manufacturing Facility in Nava Raipur, Chhattisgarh
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.5 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company has been allotted 11.28 acres of industrial land by the Nava Raipur Atal Nagar Vikas Pradhikaran (NRDA) in Kosala Industrial Park, Nava Raipur, Chhattisgarh for setting up a semiconductor materials manufacturing facility. Construction of the state-of-the-art facility will commence immediately, using advanced post-tensioned slab technology to speed up the process. The company is targeting completion of the first phase by May 2026. This marks a major strategic shift for the company, formerly known as Datasoft Application Software India Limited, into the semiconductor materials space.
This is a significant diversification move into semiconductor manufacturing, which could positively impact the stock as a growth catalyst if the May 2026 deadline is met. Investors should track construction progress and any future announcements regarding funding, partnerships, or offtake agreements.