Kovilpatti Lakshmi Roller Flour Mills Approves ₹7.4 Cr CAPEX
Kovilpatti Lakshmi Roller Flour Mills Ltd announced that its Board of Directors, in a meeting held on November 13, 2026, approved capital expenditure (CAPEX) of approximately ₹7.40 Crores for the upgradation and modernization of equipment at its engineering division in Coimbatore. This investment aims to enhance operational efficiency, reduce maintenance costs, and ensure long-term sustainability. The project is expected to be implemented in phases, with completion targeted by June 30, 2027. Additionally, the Board approved the purchase of vacant land in Puducherry for commercial purposes at a cost not exceeding ₹2.25 Crores. The company also disclosed its unaudited financial results for the quarter and six months ended September 30, 2026, which showed an unmodified audit opinion.
Key Highlights
- Board approved CAPEX of ₹7.40 Cr for engineering division modernization.
- Investment aims to improve operational efficiency and reduce costs.
- Project completion expected by June 30, 2027.
- Approved purchase of vacant land in Puducherry for ₹2.25 Cr.
- Unaudited financial results for Q2 FY27 declared.
Price Impact
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