Happy Forgings has informed that the Board of Directors of Happy Forgings at their meeting held today, on Monday, January 6, 2025 has approved capex budget of Rs. 650 crores to set up facilities for heavy weight forged and machined components. None of the related parties of the Company, including the Director(s) and/or Key Managerial Personnel(s), are concerned or interested in the aforesaid proposal. The details required under regulation 30 of SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 is enclosed as Annexure -I. The Company will make necessary disclosures on any material developments in this regard. The meeting commenced at 10:30 am and concluded at 11:15 am.
The above information is a part of company’s filings submitted to BSE.
