Commencement of Trial Production by K.P. International Pvt. Ltd. wholly owned subsidiary of the Company.
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Kemistar Corporation's wholly owned subsidiary, K.P. International Pvt. Ltd., has started trial production of e-waste and related products processing at its plant in GIDC Dahej, Gujarat. The equipment has been sourced from leading overseas and Indian suppliers. This marks the company's entry into a new vertical in the renewable/recycling sector. The company has stated it hopes to gain a strong position in India's recycling sector. Commercial production has not yet started and will be communicated to exchanges later.
This is a capacity-expansion milestone into the e-waste recycling business, which could open a new revenue stream over time. However, since only trial production has begun with no commercial output or revenue guidance yet, there is likely no immediate impact on earnings or share price.