1. Stone coated roofing launch - The Tala facility for stone coated metal roofing and solar roofing tiles is being set up on owned land near Dighi Port, relocating the colour coated plant from leased Umbergaon premises. India imports 970 shipments of stone coated roof tiles annually, and this high-margin, premium product diversifies the company from low-margin colour coated coils.
2. Residential plotting JV - A development agreement with ELTRIA LANDS LLP covers a gated community of residential plots on 49.42 acres at Hedavali-Asre, with the company expecting approximately ₹70 crore in first-phase sale proceeds. The 75:25 revenue share in the developer's favour turns idle land into a near-term cash flow stream.
3. Preferential issue funding - The board approved 3.5 crore promoter warrants at ₹10 each and 1.59 crore non-promoter equity shares, with proceeds earmarked for working capital, land purchase, and new product lines. The ₹35 crore warrant exercise over 18 months funds the stone coated roofing and real estate pushes without straining the ₹50.62 crore debt base.
4. Design coated steel coils - A new range of printed steel coils with wood, marble, stone, and floral designs targets furniture, doors, wall panels, and cladding as a substitute for wood, marble, and PVC. This value-added product line moves the company up from commodity coils into higher-margin decorative segments.
5. Industrial park land bank - The board approved land purchase at Ashre Village for ₹15.30 crore, plus a related-party acquisition of 1,177 gunthas for up to ₹16 crore, for an industrial park and residential/commercial development. The parcels sit near the Mumbai-Pune expressway, Dighi port, JNPT, and the upcoming Navi Mumbai airport, positioning the company for logistics-linked demand.
6. Export expansion to Europe - The company has entered export markets, specifically Europe, alongside stricter raw material sourcing negotiations and inventory management improvements. With FY25 foreign exchange outgo at ₹117.5 crore and zero export earnings, even modest export sales add a new revenue leg.
7. Solar roofing integration - Stone coated solar roofing tiles, combining energy generation with roofing, are in advanced development with a launch planned soon. This first-of-its-kind product in India pairs the high-margin roofing line with solar demand, targeting premium homes and resorts.