Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we are submitting herewith Press Release relating to the new line of Business.
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Manbro Industries Ltd (BSE Scrip Code: 512595) has announced a major strategic shift, with its Board approving four new business lines, subject to shareholder approval. The new areas include manufacturing eco-friendly AAC blocks for construction, value-added green steel products such as TMT bars made from recycled scrap, galvanized and fabricated steel products for infrastructure (electricity poles, railway crash barriers, transmission towers, solar structures, urban lighting), and an old vehicle scrappage facility for recycling metals and non-metals. The company plans to execute these through both organic growth and inorganic routes like acquisitions, mergers, and joint ventures. The move is positioned as aligning with India's infrastructure push and sustainable industrial development.
This diversification could unlock fresh revenue streams in high-growth sectors like green construction, infrastructure, and recycling, which may support a re-rating of the stock if executed well. However, shareholder approval is still pending and execution risk is meaningful given the company's lack of track record in these segments, so investors should watch for the approval outcome and concrete implementation steps before getting too optimistic.