We hereby inform that the Board of Directors of the Company at its Meeting held on 15th October 2024 has approved the Investment in form CAPEX towards Capacity expansion by purchase of Tubing Machines of latest technology to manufacture different size and dimensions of Tubes at a cost of Rs. 18 Crore approximately and to give appropriate authority to take the necessary steps in this regard.The details as required under Regulation 30 of the SEBI LODR Regulations read with SEBI CircularNo. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13 2023 is enclosed as Annexure - I.The Board meeting commenced at 11:00 a.m. and concluded at 11:35 a.m.We request to take the above on your record.
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