J.G.Chemicals Limited has informed the Exchange regarding '"Intimation of material Event Acquisition of Land"'.
JGCHEM · price
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J.G. Chemicals Limited's subsidiary, BDJ Oxides Private Limited, has purchased 2.96 acres of freehold land at APIIC Industrial Park in Tirupati, Andhra Pradesh. The land, comprising plots 19, 20, and 21 in Attivaram village, was acquired for ₹2.34 Crores plus applicable taxes. The acquisition is aimed at expanding the company's sustainable recycling product portfolio. The transaction was disclosed under SEBI's Listing Regulations as a material event.
This signals the company's growth plans in the sustainable recycling segment through its subsidiary. Given the relatively modest investment size, the immediate financial impact is limited, but it indicates strategic expansion that could contribute to future revenue diversification.