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Aether Industries Limited — Capital/Financing Update 2023
Jan 16, 2023
59487_rns_2023-01-16_a739c58b-d014-45b1-8991-d705d4c11e1a.pdf
Capital/Financing Update
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January 16, 2023
Ref. No.: AIL/SE/93/2022-23
To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai-400001, MH. Mumbai-400051, MH. Scrip Code: 543534 Symbol: AETHER
Dear Madam / Sir,
Subject: Commercialization of Manufacturing Site 3 to manufacture Speciality
Chemicals / Intermediates
In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that our Manufacturing Site 3 has been commercialized today at Plot No. 8202/1, Road No. 8, GIDC Industrial Estate, Sachin, Surat-394230, Gujarat, India.
The total CAPEX planned for the site is around Rs. 190 Cr., off which Rs. 163 Cr. has been raised from the IPO that we concluded in June 2022 and remaining Rs. 27 Cr. funded from internal accruals. The trial runs have been started off as we kick off today and the commercial production of the plant will start within next ten days from today.
The Manufacturing Site 3 will add capacities to the north of 3500 MT per annum for production of our five new specialty chemicals / intermediates for the Pharma Sector, which will be launched here.
We request you to kindly take the information on your records.
Thank you. For Aether Industries Limited
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Chitrarth Rajan Parghi Company Secretary & Compliance Officer
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CHITRARTH Digitally signed by CHITRARTH RAJAN PARGHI RAJAN PARGHI Date: 2023.01.16 09:55:28 +05'30'
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Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: [email protected] || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.