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Ginni Filaments Ltd. Capital/Financing Update 2021
61306_rns_2021-11-09_ca1dd124-1101-4686-857d-a563f1e54047.pdf
Capital/Financing Update
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CIN: L71200UP1982PLC012550 CORPORATE OFFICE: D-196, SECTOR-63, NOIDA-201 307, INDIA Ph: +91-120-4058400 (30 LINES) Fax: +91-120-4250975,4250976 Email:[email protected], Website : www.ginnifilaments.com
GINNI FILAMENTS LIMITED
GFL/SEC/ November 09, 2021
National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Bandra Kurla Complex, Bandra (East) MUMBAI-400051 Scripe Code: GINNIFILA
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Requlations, 2015
This is to inform you that the Board of Directors of the Company at its meeting held today, has considered, subject to requisite approvals, expansion of production capacity, details of which are as under:
Consumeer Product Division (CPD) $\bullet$
| $ a\rangle$ | Existing capacity | Rs. 200 Crores |
|---|---|---|
| b) | Existing capacity utilisation | 60% |
| $\vert c)$ | Proposed capacity addition | Rs. 150 Crores |
| d) | Period within which the proposedcapacity is to be added |
January to March 2022 |
| e) | Investment required | Rs. 36.17 Crores |
| Mode of financing | Promoters Contribution-25% Term Loan-75% |
|
| q) | Rationale | To cater future growth and demands of the customers with diversified Products. |
KOSI-I (Spinning Unit) $\bullet$
| a) | Existing capacity | 80016 spindles 720 Rotators |
|---|---|---|
| b) | Existing capacity utilisation | 95% |
| c) | Proposed capacity addition | |
| d) | Period within which the proposedcapacity is to be added |
January to March 2022 |
| e) | Investment required | Rs. 29.32 Crores |
| Mode of financing | Promoters Contribution-25% Term Loan-75% |
|
| g | Rationale | To upgrade and modernise existing capacity |
REGD. OFFICE & MILLS : 110 K.M. Stone, Delhi-Mathura Road, Chhata-281401, Distt: Mathura (U.P), INDIA Ph: +91-05662-242341, Fax: +91-05662-242223 Email: [email protected]
CIN: L71200UP1982PLC012550 CORPORATE OFFICE: D-196, SECTOR-63, NOIDA-201 307, INDIA
Ph: + 91-120-4058400 (30 LINES) Fax: + 91-120-4250975,4250976 Email:[email protected], Website : www.ginnifilaments.com
• Kosi- II (Processing Unit)
| a) | Existing capacity | 4200 MTA |
|---|---|---|
| b) | Existing capacity utilisation | 80% |
| $\vert c)$ | Proposed capacity addition | 300 MTA |
| d) | Period within which the proposedcapacity is to be added |
January to March 2022 |
| e) | Investment required | Rs. 10.60 Crores |
| Mode of financing | Promoters Contribution-25% Term Loan-75% |
|
| Rationale | To Cater future growth. | |
Thanking You,
Yours faithfully, for GINNI FILAMENTS LTD.
ť $4.730$
BHARAT SINGH COMPANY SECRETARY