Manorama Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 28, 2025.
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Manorama Industries' board, on August 28, 2025, approved signing an MOU with the National Office for Major Projects of Burkina Faso to set up a new factory for processing Shea Nuts and Mango Kernels. The operations will be carried out through a new wholly owned subsidiary named 'Manorama Burkina Industries SA', to be incorporated in Burkina Faso. The total investment/commitment is CFA 160 crore, to be funded entirely in cash in one or more tranches. Manorama has two decades of experience in specialty fats and butters for chocolate, confectionery, and cosmetic companies, and this expansion secures raw material access (shea and mango kernel) closer to the source. The WOS will be 100% owned by Manorama, with the promoters having no separate interest beyond this.
This is a strategic backward-integration move that strengthens Manorama's raw material supply chain for its specialty fats business. Shareholders may view this positively as it expands the company's global footprint, though execution risks in a new African geography and the cash outflow of CFA 160 crore should be monitored.