N R Agarwal Industries has announced a significant upgrade to its upcoming Multilayer Board plant (Unit VI) at Dahej, Gujarat, following a detailed technical evaluation. The company disclosed, pursuant to Regulation 30 of the SEBI Listing Regulations, that the capacity of the paper machine imported from China is being upgraded from 1020 TPD to 1500 TPD — equivalent to approximately 42,000 MT per month. This disclosure is in continuation of the company's earlier intimations dated July 31, 2025 and December 20, 2025 regarding the setting up of Unit VI.

Key Project Parameters

The following table summarises the updated details of the Multilayer Board plant (Unit VI) project:

Capacity Upgrade and Technical Evaluation

The capacity enhancement from 1020 TPD to 1500 TPD is the result of a detailed technical evaluation conducted by the company. The upgraded machine, imported from China, will now be capable of producing approximately 42,000 MT per month, representing a substantial increase in output potential for the Dahej facility. The revision underscores the company's intent to scale up its multilayer board manufacturing capabilities at the new unit.

Project Execution and Approvals

To support the execution of the expanded project, N R Agarwal Industries has appointed a reputed foreign consultant. The company has also initiated the process for obtaining environmental clearance and other necessary regulatory approvals. In addition, the land requirement for the project has been revised to approximately 150 acres to accommodate the upgraded plant specifications.

Revised Project Cost

Alongside the capacity upgrade, the estimated cost of the project has been revised to approximately ₹1,500 Crores. The revision reflects the enhanced scope and scale of the Multilayer Board plant (Unit VI) at Dahej, Gujarat. The company made this disclosure under Regulation 30 read with Schedule III and other applicable provisions of the SEBI Listing Regulations on May 12, 2026.

N R Agarwal Industries Limited has informed stock exchanges that its Board of Directors, at a meeting held on May 12, 2026, approved an alteration of the company's Memorandum of Association (MOA). The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The alteration is subject to approval by shareholders through a Special Resolution, as well as any other approvals that may be required, and will become effective upon filing of the requisite forms with the Registrar of Companies.

Key Changes Approved to the Memorandum of Association

The Board approved two specific modifications to Part (B) of the MOA, under the heading "Incidental or Ancillary Objects to the attainment of the Main Object." The details of the approved changes are outlined below:

Scope of the Newly Inserted Clause 37

The newly proposed Clause 37 significantly broadens the scope of activities the company may undertake with respect to its land and immovable properties. The clause covers a wide range of activities, including:

• Developing, constructing, and utilizing owned, leased, or otherwise held land or immovable property for setting up industrial galas, sheds, units, warehouses, or commercial and industrial complexes
• Selling, leasing, licensing, transferring, or otherwise dealing in such units or spaces to third parties
• Undertaking activities incidental or ancillary thereto, including planning, designing, construction, redevelopment, renovation, and infrastructure development
• Obtaining necessary approvals and permissions for such activities
• Appointing or engaging developers, contractors, architects, consultants, agents, or other entities
• Entering into agreements or joint ventures for development, construction, and marketing of such units
• Raising or arranging finance for the above purposes, including by creating charges or encumbrances on the company's assets

Purpose of the Alteration

According to the disclosure, the above alteration is proposed to enable N R Agarwal Industries to effectively utilize and commercially develop its land and immovable properties, and to undertake activities incidental and ancillary thereto. The disclosure has also been made available on the company's website at www.nrail.com . The communication was signed by Pooja Daftary, Company Secretary & Compliance Officer, on behalf of N R Agarwal Industries Limited.