
Board Meeting27 Oct 2026, 05:40 pm
Maral Overseas Approves Capex Plan Up To ₹180 Cr, Ups Investment in Solar Plant
AI Summary
Maral Overseas Ltd's Board of Directors approved a capital expenditure plan of up to ₹180 crore for upgradation, modernization, and capacity enhancement at its Sarovar Plant, including its Spinning, Fabric Printing, and Engineering Divisions, with implementation planned until 2030. The company also approved an increased investment of ₹3.64 crore in Asawata Energy Private Limited for a 15 MW Solar Power Plant, a revision from the previously disclosed ₹2.60 lakh. Additionally, the Board approved the Un-audited Financial Results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Board approved capex plan of up to ₹180 crore for Sarovar Plant.
- Capex aims for upgradation, modernization, and capacity enhancement.
- Investment in Asawata Energy's solar plant increased to ₹3.64 crore.
- Un-audited financial results for Q2 FY27 approved.
- Financial results cover quarter and half-year ended September 30, 2026.
Price Impact
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