SVP Global Ventures has informed that the Board of Directors of the Company at its meeting held on October 18, 2021 have carried out the following: to consider, approve and take on record, the Un-Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Half year ended 30th September, 2021 along with the Limited Review Report on the said results from the Statutory Auditors of the Company of even date; to consider and approve the capital expenditure amounting to Rs 100 Crore in setting up a approximately 4,500 MT per annum green-field facility for technical textiles at Jhalawar, Rajasthan. The Company expects to start commercial production in 12-15 months. The funding for the same will be done through internal accruals.
The above information is a part of company’s filings submitted to BSE.
