We wish to inform you that the Board of Directors of the Company at this meeting held today 4th April 2026 has , approved the proposal for setting up of a Biomass Pellet Manufacturing Plant.
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HOMRE Ltd (formerly Triton Corp Limited) has received Board approval to set up a Biomass Pellet Manufacturing Plant in Morena, Madhya Pradesh. The plant will have a capacity of 5 Tons Per Hour and represents the company's expansion into the clean and renewable energy sector. Operations are expected to commence by mid of Financial Year 2026-27, subject to necessary statutory approvals. The project will be financed through a mix of internal accruals and debt. This is a greenfield expansion project that diversifies the company's business into biomass fuel segment.
This announcement signals the company's intent to enter the renewable energy space, which could be viewed positively given the growing clean energy demand. However, investors should note that the plant is yet to be constructed and faces execution and regulatory risks. No specific capital expenditure details or networth figures were disclosed.