Anyone attended AGM ? Please share notes if you have. Looks like they are slowing down on expansion of Collagen Peptide
It may kindly be noted that we had announced the expansion of capacity by 1000 MT per
year for the manufacture of Collagen Peptide at the Gelatin division of the Company and the
approval of issuance of equity shares of the Company on Rights basis for part financing the
said capacity expansion vide our letters cited (1) and (2) respectively.
Though preparatory work on the project commenced on 1st January, 2023, subsequent
global events including the threat of global recession and its impact on the demand for
Collagen Peptide from overseas customers has prompted the management to review the
detailed project report.
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