Intimation under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015.
ROSSARI · price
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Awaiting price reaction for this filing.
The Board of Unitop Chemicals Private Limited, a material subsidiary of Rossari Biotech, approved buying leasehold rights in about 12,600 square metres of land in the GIDC industrial estate at Dahej, Gujarat. The seller is Micro Resins Private Limited and the consideration is up to ~Rs. 9 crores, excluding transfer and other applicable charges. The land is being acquired to support future capacity expansion and create operational synergies with the existing facility, aligning with the company's long-term growth strategy. The transaction is not a related party deal and is subject to necessary regulatory approvals and consents.
The acquisition is a small, preparatory capex step for future expansion and is unlikely to have a material impact on the stock in the short term. It signals management's intent to grow capacity at the Dahej site, which could support revenue growth in the longer run if the expansion moves ahead.