ULTRAMARINE & PIGMENTS LTD.-$ - 506685 - Announcement under Regulation 30 (LODR)-Meeting Updates
Disclosure [Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Scrip Code: 506685 Update: This is to inform you that the Board of Directors at its meeting held today has approved setting up a greenfield project for manufacture of inorganic pigments (Ultramarine Blue) at Industrial Park - Naidupet, Nellore district, Andhra - Pradesh. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) LODR Regulations, 2015, we submit the following details relating to the said Project: Sl no. Details i. Existing capacity 6,000 MT. ii. Existing capacity utilization 5,300 MT. iii. Proposed capacity addition 1,500 MT. iv. Investment requirement for the above mentioned project Rs.3550 Lakhs v. Mode of financing The funding will be a mix of internal accruals and term loan. vi. Period within which the proposed capacity is to be added Capacity is to be added in a phased manner starting from July, 2021 to April, 2022. You are requested to take on record the above mentioned information as disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.29-07-2019