Subsidiary to consolidate three plants into new larger Pune facility; operations expected by May 2027

Walter Pack, the wholly-owned subsidiary, is setting up a new Build-to-Suit manufacturing facility at Koregaon Bhima, Pune.

Sun 11 Oct 2026

New built-up area

~1,27,359 Sq Ft vs existing 64,273 Sq Ft

Total investment

~Rs. 49 Cr

Commercial operations expected

May 2027

What the subsidiary is doing

Walter Pack Automotive Products India Private Limited, a wholly-owned subsidiary, is undertaking a capacity expansion by setting up a new manufacturing facility on a Build-to-Suit basis at Village Koregaon Bhima, Taluka Shirur, District Pune, Maharashtra. This follows an Agreement to Sub-Lease executed and registered on October 11, 2026.

The subsidiary currently operates three manufacturing plants at Plot Nos. D-50, D-51 and D-54, MIDC Ranjangaon, District Pune, Maharashtra. The operations of these three plants are proposed to be consolidated into the new, larger facility.

Capacity numbers

• Existing capacity: 64,273 Sq Ft across three plants, of which two are leased and one is owned
• Existing capacity utilisation: 75%
• Proposed capacity addition: ~1,27,359 Sq Ft, the total built-up area of the new facility
• Net addition: 63,086 Sq Ft over the existing 64,273 Sq Ft

What it costs, and how it is funded

• Relocation cost and setting up of basic infrastructure: ~Rs. 15 Cr
• Building on lease (ROU): ~Rs. 34 Cr
• Total investment required: ~Rs. 49 Cr
• Mode of financing: internal accrual / debt

Timeline

The proposed capacity is to be added by May 2027. The new facility is expected to commence commercial operations by May 2027, upon which the operations of the three existing plants will be relocated to it.

Why the subsidiary says it is doing this

The stated rationale is consolidation of manufacturing operations currently carried out across three separate plants into a single, larger facility, improving operational efficiency and creating headroom for future expansion. The company states this development furthers its ongoing consolidation and expansion programme and is expected to augment the production capacity of Walter Pack.

Points a retail investor may note

The step combines two things: shifting out of three separate plants into one larger site, and adding net built-up area of 63,086 Sq Ft. The capacity is to be added by May 2027 and the building is taken on lease, with funding through internal accrual or debt. The company has said it will keep the exchanges informed of further material developments as and when they arise.

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