Pursuant to regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that Board of Directors of the Company at its meeting held on April 09, 2026 has inter alia approved the proposal ....
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Chandra Prabhu International Ltd's Board of Directors, at a meeting held on April 9, 2026, approved setting up a new warehouse cum branch office at Village Budhi Bawal, Khairthal-Tijara, Rajasthan. This facility is intended to expand the company's metal trading business, covering products such as TMT bars, steel pipes, and other finished steel items, alongside its existing trading in sponge, billets, and mild steel. The Board meeting ran from 4:30 PM to 5:30 PM. No financial details, capex amount, or timeline for the new facility have been disclosed in this filing.
This is a routine geographic expansion of the company's trading operations and is unlikely to have a material impact on the stock price. Shareholders should watch for any future disclosures regarding the cost of the new warehouse or revenue contributions from the Rajasthan facility.