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| Exchange Received Time 29/01/2018 14:22:36 Exchange Disseminated Time 29/01/2018 14:22:42 Time Taken 00:00:06 | Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 is hereby given that the Board of Directors at their meeting held on 29.01.2018 has inter-alia approved the following:-
1. Approval of Unaudited financial results
Standalone Un-audited Financial Results for the quarter and nine months ended 31 December 2017 alongwith Limited Review done by the Statutory Auditors of the Company M/SBSR & Co. LLP, Chartered Accountants;
The copies of the Un-audited Financial Results along with Limited Review Report in terms of Regulation 33 of the SEBI (LODR) Regulations, 2015 is enclosed herewith for your taking on record
2. Revision of Capacity Expansion Plan
The Board has revised the capex plan by enhancing the proposed capacity expansion plan for manufacturing of Carbon Black from 30,000 MTPA to 60,000 MTPA proposed to be undertaken in West Bengal. However, the other expansion plans as announced by the company on 2nd day of November 2017 remain unchanged.
Accordingly, the aggregate capital expenditure for the combined expansions, including the present revision, would be amounting to Rs. 780 crores.
We request you to kindly take on record the same.
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