Sharda Motor Industries Limited has informed the Exchange about Commencement of commercial production/operations
SHARDAMOTR · price
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Awaiting price reaction for this filing.
Sharda Motor Industries has received the factory license for its new plant in Chakan, Maharashtra, from the Directorate of Industrial Safety and Health on June 20, 2025. The company will start commercial production at this new plant from June 23, 2025. This follows an earlier intimation from May 2024, indicating the project has been in development for over a year. The new plant is expected to add to the company's manufacturing capacity for its auto components business.
Positive for the company as the new plant adds manufacturing capacity and could support future revenue growth, though near-term impact on stock may be limited as commissioning was already anticipated.