The Board of Directors of Elantas Beck India Limited at its meeting has approved in-principal purchase of vacant and un-utilised land located at Taluka - Vagra, Dist- Bharuch, Gujarat admeasuring upto 35 acres, for a total consideration of upto Rs. 67 crore for the future expansion plan and new projects of the Company. The said amount will be funded through internal accruals.

The said land is proposed to be used for setting up a new manufacturing facility to be situated in Taluka - Vagra, Dist- Bharuch, Gujarat with an intention to synergise, expand and realign its manufacturing operations and be prepared for the growth opportunities in India.