Lords Chloro Alkali Limited has informed the Exchange about Agreements
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The board, at its meeting on 17 June 2025, approved two items. First, a related party transaction: a lease agreement with Cygnet Projects Pvt. Ltd for a ~9,500 sq ft property at 10C, Kasturba Gandhi Marg, New Delhi, at a monthly rent of Rs. 8 lakh (plus GST), to be used as residence for Whole Time Director Madhav Dhir and as guest house/conference space. The lessor is a related party due to common directorship (Madhav Dhir and Srishti Dhir), and the transaction is confirmed to be at arm's length. Second, the board approved doubling Chlorinated Paraffin Wax (CPW) capacity at its Rajasthan plant from 50 TPD to 100 TPD, involving an investment of about Rs. 30 crore, to be completed by the end of FY 2025-26, funded through internal accruals and sanctioned credit lines. Existing capacity utilisation is over 80%, supporting the expansion rationale.
The Rs. 30 crore CPW capacity doubling addresses strong demand and improves economies of scale, which is mildly positive for growth visibility. The related party lease transaction is routine and at arm's length, so it should not materially affect shareholders.