The Company will be applying for Environmental Clearance Certificate.
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UR Sugar Industries Ltd (formerly HKG Limited) has informed BSE that it will be applying for an Environmental Clearance certificate to set up a new sugar plant at Survey Number 202, Navage Village, Uchagaon, Belagavi, Karnataka. The company had acquired around 4 acres of agricultural land at the same location in 2023, with the board resolution for the land purchase dated July 5, 2023. This is an early-stage regulatory step — the plant has not yet been constructed or commissioned. No financial figures, capex amount, or project timeline have been disclosed in this filing. The intimation was made under SEBI LODR Regulation 30 and signed by Company Secretary Amita Singh on August 12, 2025.
This signals the company's intent to expand into sugar manufacturing, which could be a positive long-term growth story for shareholders, but no near-term financial impact is expected since the project is still in the approval phase with no capex size or timeline disclosed.