The company is planning to start next project in Coimbatore. Letter Enclosed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Sri Ramakrishna Mills Coimbatore Ltd, at its meeting on January 12, 2026, approved a proposal to launch its next project at the company's property located at 1493, Sathyamangalam Road, Ganapathy, Coimbatore. The earlier real estate project at the same location (intimated in July 2015) has now been completed. To execute the new project, the company has entered into a development agreement with M/s. Infinium Developers LLP, Coimbatore. The filing was made under SEBI Listing Regulations, 2015 to keep the stock exchange informed of this board-approved development. No financial value or project timeline has been disclosed in the letter.
For shareholders, this signals that the company is actively monetising its Coimbatore land bank through a partnership with an external developer, which could generate future revenue. However, with no project size, cost, or revenue estimates disclosed, the near-term impact on the stock is likely to be limited until further details emerge.