Maan Aluminium expands with new industrial acquisition
Maan Aluminium has announced plans to expand its manufacturing capabilities through the acquisition of a building and leasehold land located in Devas Industrial Area-I, M.B. Road, Devas, Madhya Pradesh. The acquired property, situated at 81A and 82C, encompasses approximately 13,117 square meters. The total expenditure for this acquisition amounts to Rs. 8.75 Crores, excluding stamp duty and other associated charges. This strategic move aims to support the company's expansion into aluminium extrusion and value-added services. The acquisition reflects Maan Aluminium's commitment to growth and strengthening its position in the aluminium manufacturing sector. The company formally disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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