The Board of Nitta Gelatin India Limited announced the expansion of capacity by 1,000 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 its 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. As an alternative, the Company is also evaluating the option of debottlenecking the existing Collagen Peptide plant to increase the current capacity and to de-risk the higher capital expenditure involved by going in for a 2-stage implementation of the expansion project.