Lords Chloro Alkali Limited has informed the Exchange regarding Board meeting held on Jun 17, 2025.
LORDSCHLO · price
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Lords Chloro Alkali's board met on June 17, 2025 and approved two items. First, a related party lease transaction with Cygnet Projects Pvt. Ltd for a ~9,500 sq ft property in New Delhi at a monthly rent of Rs. 8 lakh, intended for residential/home office use by Whole Time Director Mr. Madhav Dhir and as office space; the transaction is at arm's length and linked through common directors. Second, the company approved expanding its Chlorinated Paraffin Wax (CPW) capacity at its Rajasthan facility from 50 TPD to 100 TPD, effectively doubling output. The project requires an investment of approximately Rs. 30 crore, to be funded through internal accruals and existing credit lines, and is targeted for completion by the end of FY 2025-26. Current plant utilization is over 80%, and management cites rising demand and better chlorine value chain utilization as the rationale.
The Rs. 30 crore CPW expansion signals growth ambitions and could boost future revenue and margins through better economies of scale, though it adds capex commitments. The related party lease is small and routine but worth noting for governance; overall, the expansion is the more market-relevant development for shareholders.