Laxmi Organic Industries Limited announced that the Board of Directors of the company at the Special Strategy Meet held on 29th and 30th July, 2023, approved a capital expenditure of INR 7,100 million for setting up a new manufacturing site at Dahej, Gujrat. This is a new manufacturing facility of the Company at Dahej, Gujarat which will have capability to produce multi products. Product portfolio of the first phase will be: Specialties ­ Diketene and Ketene derivatives; Essentials ­ Esters, Anhydrides and Aldehydes derivatives.

Propose Capacity Addition: More than 100,000 Tonnes per annum. The new manufacturing site is expected to come on stream approximately in 3 years. The Project will be funded through a mix of internal accruals, debt and equity.