Board Approves Sale of Hyderabad Unit Assets to Focus on Eastern India

The Board, at its meeting on September 28, 2026, reviewed the operations of the Company's Hyderabad unit.

Mon 28 Sep 2026

Board Meeting Date

September 28, 2026

Meeting Duration

11:30 A.M to 12:25 P.M

Unit Under Review

Hyderabad unit

Assets Being Sold

movable and immovable assets and properties

Strategic Focus

Eastern India geography

What was decided

The Board of Directors met on September 28, 2026 and reviewed the operations of the Company's Hyderabad unit, including the developments thereto and incidental matters.

In view of that review, and the Company's strategy to focus on the Eastern India geography, the Board accorded its approval for the sale of the movable and immovable assets and properties pertaining to the Hyderabad unit.

How to read it

• This is a decision to exit a manufacturing location outside the Company's chosen core region, rather than a business expansion.
• The approval covers both movable assets (such as plant and equipment) and immovable assets (land and buildings) of that unit.
• Investors may view this as a consolidation step toward a more focused regional footprint; the operational contribution of the Hyderabad unit is what would determine the financial effect.

Meeting timing

• Commenced at 11:30 A.M and concluded at 12:25 P.M.

The disclosure was made to BSE and NSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

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