Lords Chloro Alkali Limited has informed the Exchange about Agreements termination
LORDSCHLO · price
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Lords Chloro Alkali has terminated a lease agreement signed on 19 March 2025 with Varahalakshmi Infrastructure Private Limited (a related party) for a 10.4-acre plot in Village Salhawas, Rewari, Haryana, where it planned to set up a Chlorinated Paraffin Wax (CPW) manufacturing unit. The 9-year lease had a monthly rent of Rs 3 lakh and included a 40,000 sq ft built-to-suit building. The termination is due to the lessor failing to obtain Change of Land Use (CLU) approval, blocking industrial permissions, and the available water being found brackish and unfit for CPW production. The company has not disclosed a new location or revised timeline for its CPW expansion plans.
The company's planned entry into the Chlorinated Paraffin Wax business is pushed back, and the related-party lease is wound up without financial liability beyond minor rent. Shareholders should watch for an alternative site announcement, as the delay in CPW capacity addition could push back future revenue diversification plans, though the direct financial impact of the termination itself is small.