In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that the Board of Directors at its meeting held on November 4 2019 has approved capital expenditure proposal for capacity enhancement cum modernization of TCF value chain at an estimated cost of Rs. 125 Crores. This is an enhancement of the capex of Rs. 81.58 Crores approved by the Board at its meeting held on February 4 2019 to cater to the customer requirements from India as the technical textiles business operations of SRF Industries (Thailand) Ltd. have been shut down due to economic unviability.
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