Pursuant to Regulation 30 read with Para B of Part A of Schedule Ill of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 It is hereby informed that to increase dyed fabrics production capacity the Board of Directors of Company at their meeting held today at
12:00 P.M. has decided to avail borrowing facilities from Kotak Mahindra Bank Limited of Rs. 260 Lakhs for installation of plant at their existing fabric process house situated at Plot No. E 15 Tarapur Industrial Area MIDC Tarapur Village Salwad Dist Thane - 401506 which was shut down between 12/01/2021 to 20/02/2021 due to closure notice issued by Maharashtra Pollution Control Board on 12/01/2021.
The details of Capacity addition are as per the attachment.
Kindly take the same on your record.