StockWatch
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Cables - Electricals
Property16 Sept 2026, 03:51 pm

Susan Electricals Buys Land for ₹22 Cr Expansion

AI Summary

Susan Electricals India Ltd announced its Board of Directors approved the purchase of land in Baghpat, Uttar Pradesh, for approximately ₹22 crore. This acquisition is intended to facilitate the expansion of the company's manufacturing facilities, capacity, and business operations. The land, approximately 1.96 hectares, is being acquired from Mr. Parveen Kumar Jain and is not a related party transaction. The company also approved the Cost Audit Report for the financial year ended March 31, 2026.

Key Highlights

  • Board approves land purchase for ₹22 crore.
  • Acquisition aims to expand manufacturing capacity.
  • Transaction is not a related party deal.
  • Cost Audit Report for FY26 approved.