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| Exchange Received Time 16/03/2017 13:52:06 Exchange Disseminated Time 16/03/2017 13:52:12 Time Taken 00:00:06 | | Dear Sir, Ref.: Company Code: BSE - 531717, ASE - 65175, NSE Symbol: VIDHIING Sub: Update on Future Plans This is to inform you that, the Company () is working on concrete and rather aggressive capex plans that include enhancement of existing product lines, diversification into production of new products developed/ to be developed by our in house R&D team along with backward integration for manufacturing of two major raw materials. Implementation of this capex plan will translate into growth in sales along with healthy margin expansion in terms of EBIDTA. Bringing newer products into the production stream along with backward integration of existing products sooner than later thereby retaining our competitive edge amongst the industry. Further, Vision 2020 is to be a 500+ manufacturing Turnover Company by end of 2020 with substantially better EBIDTA margins and then from there continue our march towards newer and higher targets of growth in terms of sales and PAT. |
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