Surat plant to close by March 2026 as production shifts to Chikhli

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹225.20

prior close

₹216.10

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.5% vs market

Packaged Foods peers, median of 34sector+0.0%-0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.3 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+2.0+0.9+1.1+0.0+2.0

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+12.6-6.1+18.7-10.0+22.6

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 34Pending

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AI summary

On 8 October 2025, the board approved moving production from Surat to the company's Chikhli, Navsari plant. The Surat plant will close by 31 March 2026 for operational efficiency. Machinery will be partly used at the new site and partly leased to JR Foods & Beverages, a company related to Euro India Fresh Foods, to make products for the company. Turnover and control will not change, but output could rise using extra capacity.

Likely market impact

Turnover and control will not change, but output could rise with extra capacity. No direct earnings impact was disclosed.