AI assistant
Birla Cable Limited — Capital/Financing Update 2024
Mar 29, 2024
62270_rns_2024-03-29_7706d09e-76bd-4fc7-8bd5-3da6fdbc5c8e.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [109 x 70] intentionally omitted <==
Birla Cable Limited
Regd. Office & Works: Udyog Vihar, P.O.Chorhata, ,Rewa-486 006 Madhya Pradesh, India Telephone: +91 7662 400580, Fax: +91 7662 400680 Email: [email protected]; Website: www.birlacable.com PAN No. AABCB1380L CIN: L31300MP1992PLC007190 GSTIN: 23AABCB1380L1ZW
BCL/CS/23-24/Reg-30 29 MAR 2024
BSE Ltd. Corporate Relationship Department, 1[st] Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, MUMBAI-400 001
The Manager, Listing Department, The National Stock Exchange of India Ltd, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), MUMBAI-400 051
Company’s Scrip Code: 500060
Company’s Scrip Code: BIRLACABLE
Dear Sirs,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), “ ” – Regulations, 2015 ( Listing Regulations ) Capacity Expansion _
We hereby inform you that the Board of Directors of the Company vide its resolution passed by circulation on 29[th] March, 2024 have approved expansion of production capacity of Data Cables viz. Structured LAN Ethernet Cable facilities by 10,000 Boxes per month at the Company’s manufacturing facility situated at Udyog Vihar, P.O Chorhata, Rewa, Madhya Pradesh.
In this regard, the disclosure as required under Regulation 30 read with Clause 3 of Para B of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is as follows:
| Existingcapacity(Manufacturing) | 75,000 Boxes per month |
|---|---|
| Existing capacity utilization | Optimal Level |
| Proposed capacity addition | Post Expansion, the production capacity shall stand increasedbyapproximately10,000Boxes per month. |
| Period within which theproposed capacityis to beadded | The envisaged enhanced capacity is likely to be operational intheFinancial Year2025-26. |
| Investment required | The Additional Capital Expenditure is estimated to be aroundRupees SixteenCrores Sixteen Lakhs (Rs.16.16 Crores) |
| Mode of financing | Internal Accruals and Loan from Bank(s) & FinancialInstitution(s), other Body Corporates. |
| Rationale | The proposed addition of production capacity is planned foraugmenting the volume of Data Cables in order to meetanticipated growth in demand in domestic as well as overseasmarket. |
This is for your information and record.
Thanking you, Yours faithfully, For Birla Cable Limited
NITIN Digitally signed by NITIN ARORA ARORA Date: 2024.03.29 18:32:02 +05'30' (Nitin Arora) Company Secretary & Compliance Officer Encl. As above