Institutional Placement Programme. Reference: Proposed Qualified Institutions Placement of equity shares of face value ₹ 10 each (“Equity Shares”). institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue;
Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
Prior statements by this company that CapitSignal has recorded changing.
we expect MBodla to become breakeven by end of Q4 of this financial year.
Out of INR100 crores, we would be capitalizing around INR60 crores during FY27.
we have secured land for our project from the government to set up a 24,000 ton recycling facility with project commencement expected in H2 of FY '27.
Phase 1 of capex is complete, and we expect our South Africa operations to breakeven from March 2026 onwards.
Capex of approx INR 100 Cr is planned in next 2 years.
The project has already been initiated and is expected to be completed by the end of Q3FY26.
