Manorama Industries Limited has informed the Exchange regarding 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 build a new factory for processing Shea Nuts and Mango Kernels. The operations will run through a new wholly owned subsidiary named Manorama Burkina Industries SA (subject to authority approval), with an authorised and paid-up capital of CFA 160 crore (approx. ₹22-23 crore). The investment will be made 100% in cash, in one or more tranches. The company highlighted its two decades of expertise in specialty fats and exotic products for chocolate, confectionery, and cosmetic industry customers, including Fortune 500 companies. The move supports Burkina Faso's industrialization policy and is expected to secure raw material access in Africa.
This is a strategic international expansion that gives Manorama direct upstream access to shea and mango kernel raw materials, potentially improving margins and supply security. Positive for long-term growth, though near-term financial impact will depend on phased capital deployment and ramp-up of the new facility.