PURSUANT TO REGULATION 30 READ WITH PARA A, PART B OOF SCHEDULE III OF SEBI (LODR) REG. 2015 WE WISH TO INFORM YOU THAT THE COMPANY HAS COMMENCED COMMERCIAL OPERATION AT ITS UNIT AT VADODARA.
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HCP Plastene Bulkpack has started commercial production at its new manufacturing unit located in Dabhasa, Taluka Padra, Vadodara, Gujarat, effective 25th February 2026. The unit will manufacture FIBC (Flexible Intermediate Bulk Containers) made from woven PP fabric, with or without PE liner, at an installed capacity of 300 metric tonnes per month. The company has invested approximately Rs. 3.00 Crores in this unit, funded entirely through internal accruals. The expansion is aimed at increasing production capacity and gaining a strategic location advantage, in line with the company's growth strategy.
This is a positive development for shareholders as it signals the company's growth ambitions and capacity addition without taking on additional debt. The 300 MT/month capacity expansion could translate into incremental revenue, though the actual impact will depend on utilization and demand. Funded entirely through internal accruals, it preserves balance sheet strength.