Promoter Commitment to Strengthen R-32 Project Execution at Bhilwara, Rajasthan
STALLION · price
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The promoter and MD/CEO of Stallion India Fluorochemicals, Mr. Shazad Rustomji, has sold 16,20,987 shares worth ₹45.74 crores and will infuse the entire amount back into the company on an interest-free basis. The funds are earmarked for the company's new R-32 refrigerant manufacturing facility at Bhilwara, Rajasthan, to kick-start groundwork and construction without delay. The infusion is structured as an interest-free promoter contribution, meaning no new equity shares are being issued, so existing shareholders are not being diluted. The company, which already runs four plants (Khalapur, Ghiloth, Manesar, Panvel) focused on gas blending, is now expanding into base molecule manufacturing with R-32.
Positive signal for shareholders — the promoter is backing the R-32 expansion with personal funds at zero interest, showing strong conviction, while existing investors keep their stake intact. Execution of the Bhilwara R-32 project could drive future revenue growth, but the near-term impact on stock price may be limited as the facility is still in early construction.