StockWatch
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Other Textile Products
Board Meeting27 Oct 2026, 05:41 pm

Maral Overseas Approves Capex Plan, Revises Stake Acquisition Cost

AI Summary

Maral Overseas Ltd's Board of Directors approved an un-audited financial results for the quarter and half-year ended September 30, 2026. Additionally, the board greenlit a capital expenditure plan of up to ₹180 crore for upgradation, modernization, and capacity enhancement at its Sarovar Plant, with implementation targeted until 2030. The company also revised the investment amount for acquiring a 26% equity stake in Aswata Energy Private Limited to ₹3.64 crore, an increase from the previously disclosed ₹2.60 lakh, for setting up a 15 MW Solar Power Plant.

Key Highlights

  • Board approved un-audited financial results for Q2 FY27.
  • In-principle approval for ₹180 crore capex plan until 2030.
  • Revised investment for Aswata Energy stake to ₹3.64 crore.
  • Capex to focus on Sarovar Plant's Spinning, Fabric Printing, and Engineering Divisions.
  • Solar power plant investment in Aswata Energy under Group Captive Model.