Disclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ( Listing Regulations ) Cancellation of the project for setting up of a 200 KLPD Grain Based Ethanol Plant in Andhra Pradesh
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Balmer Lawrie's Board of Directors, at its meeting held on August 6, 2025, decided to cancel the proposed 200 KLPD (Kilo Litres Per Day) 1st Generation Grain Based Ethanol Plant project in Andhra Pradesh. The decision was taken because the risk-reward scenario for the project turned unfavorable due to changes in the business environment. This follows the company's earlier intimation dated February 8, 2024, where the project was originally approved. No specific capex amount or financial impact details have been disclosed in the filing.
Since the plant had not yet been commissioned, the cancellation likely avoids future capex outflows rather than causing a material write-off, making the immediate financial impact minimal. However, it signals management's reassessment of ethanol sector economics and may affect investor sentiment regarding the company's diversification plans.