Announcement Under Regulation 30 - Establishment of Cashew Processing Unit as a part of business expansion of the company
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The Board of Directors of Poona Dal & Oil Industries Ltd, at its meeting on 21 January 2026, approved setting up a new Cashew Processing Unit at Kurkumbh, Pune. The unit will cover processing, grading, packaging and allied activities. The estimated investment is approximately Rs. 5 crore, to be funded entirely through internal accruals. The company expects to commence operations in the second week of March 2026. The expansion is aimed at diversifying the product portfolio and increasing presence in the agro-processing segment.
This marks the company's entry into cashew processing, potentially opening a new revenue stream alongside its existing dal and oil business. Since the Rs. 5 crore investment is funded internally, the financial risk to shareholders is modest, and execution and timely commissioning in March 2026 will be the key things to watch.