Acrysil Limited informed that the Board of Directors of the Company has at its meeting held on November 9, 2022. Given the current global operating environment, the board has decided to postpone the expansion of additional capacity of 200,000 quartz sinks. Looking at the rising demand for built in kitchen appliances, the board has decided to utilise the resources for manufacturing/assembling of 200,000 Built-in-kitchen appliances to become Atma Nirbhar in Built-in-kitchen appliances segment.

This expansion will take place in 2 phases i.e. 100,000 units in First Quarter Fiscal Year 2023-24, and balance 100,000 units in Q3- Fiscal Year 2023-24.