PCBL Chemical Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI SEBI Listing Regulations regarding Aquapharm Chemical Limited (a material subsidiary of the Company) ( Aquapharm ) - Commencement of Commercial Production of Polymer at the manufacturing facility of Aquapharm located at Mahad, Raigad, Maharashtra, India'.
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Aquapharm Chemical Limited, a material subsidiary of PCBL Chemical, has started commercial production of polymer at its new manufacturing facility in Mahad, Raigad, Maharashtra, effective 19th May 2025. The new facility adds 9.2 KTA (kilo tonnes per annum) of polymer capacity. With this addition, Aquapharm's consolidated polymer production capacity rises to 21.8 KTA per annum, up from the earlier 12.6 KTA. The expansion is aimed at meeting growing demand for polymer. Investment details and mode of financing have not been disclosed in this filing.
This is a positive operational milestone as it expands subsidiary Aquapharm's polymer capacity by roughly 73%, which could support higher future revenues. However, no revenue or earnings guidance has been provided, so the near-term stock impact may be limited.