TTK Prestige Limited has informed the Exchange regarding 'Intimation of opening of Innovation centre for Kitchen appliances'.
TTKPRESTIG · price
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TTK Prestige has inaugurated a new Innovation Centre for kitchen appliances in Bengaluru, named after its late Chairman Emeritus Sri T.T. Jagannathan. The centre will focus on design-led innovation, strengthening technology and product development, and exploring new opportunities in the kitchen appliances segment. The company will invest approximately Rs. 15 Crores across this new facility and the ongoing revamp of its existing Kitchenware R&D Centre at Hosur. The company has also added new talent to its innovation team to support these initiatives.
This is a strategic capex move aimed at long-term product innovation and competitiveness in the kitchen appliances business. The Rs. 15 Crore investment is modest relative to the company's size, so the immediate financial impact is limited, but it signals management's commitment to growth and product differentiation.