Board approves about Rs 601 Cr capacity addition across multiple plants

Major Capex Above 10pct NetworthCapex & Operations View source PDF Explain this filing

KANSAINER · price

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

-2.2%Reaction day

₹203.55

prior close

₹208.55

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%-2.7% vs market

Paints peers, median of 8sector+1.1%-3.3% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 3.3 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-1.7

15m

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30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.4-2.7+1.1-3.3

Next day

+3.2+1.7+1.5+1.0+2.3

+3.7+2.1+1.6+2.2+1.5

+4.9+2.1+2.8+2.2+2.7

+6.1+2.1+4.0+1.9+4.2

+4.3+1.9+2.4+2.4+1.9

+2.6+2.4+0.2+1.7+0.9

15d

-1.6+3.0-4.6+1.7-3.3

-4.6+3.7-8.3+1.0-5.5

-13.0+1.6-14.6-8.2-4.8

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UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved capacity addition at Sayakha, Bawal, and Hosur plants for industrial paints, plus powder coating and industrial resins at Sayakha. Total investment about Rs 601 Crores, funded through internal cash accruals. Existing plant utilization is 87 percent at Sayakha, 95 percent at Bawal, and 76 percent at Hosur. New capacity to come up in phases by end of FY 2028-29, driven by expected growth in auto paints and powder coating demand.

Likely market impact

Positive: about Rs 601 Cr expansion to capture auto paints and powder coating growth, funded internally. Benefits only by FY29.