@RajeevJ sir are you still tracking/invested in this company?
Can you guide us if the promoters can be trusted. Considering a small cap company not expecting it follow best of the practice.
They are keep on revising the proposed brown field expansion timeline.
In AR 21-22 it was mentioned that expansion tentatively to be implemented by Dec24.
Then no mention of expansion in AR 22-23.
And AR 23-24 says that they have assigned TOYO for the cost study which will be revived by Sep24 And the expansion is “need of the hour” and likely to be implemented by March 2026.
In July 24 meeting that said the cost report is delayed due to required multiple interactions with International suppliers in procuring the machinery. The report is now expected by sep end. However they intend to keep the implementation timelines unchanged.
Would also request other VP members to put your thoughts.
The only exciting thing in this stock is the proposed expansion plan.
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