The Board of Directors at their meeting on 07.01.2026 approved the expansion of manufacturing capacities at a new facility at the District Vadodara and taking on lease of land for the construction ....
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The Board of Directors approved a major capacity expansion plan for manufacturing iron cast fittings and assembly operations at a new unit in Village Mudhela, Dabhoi, Dist. Vadodara, Gujarat. The company will invest approximately Rs 60 crores, funded through internal accruals and debt, to add 10,000 MT per annum of capacity in a phased manner by December 2026. The first phase of 3,000 MT is already initiated and targeted to be operational by August 2026. To support this expansion, the company is taking 7.75 lakh square feet of land on lease from Avisa Private Limited for 9 years (with two auto-renewals), at Rs 1 lakh/month initially and Rs 3.75 lakh/month thereafter.
This signals strong growth ambitions to meet rising demand but introduces a related-party lease (Avisa is owned by company Directors) and significant debt-funded capex. Shareholders should watch for execution timelines, margin impact from the new capacity, and ensure related-party terms remain at arm's length.