Ramco Industries raises Maksi plant project cost to ₹250 crore

Ramco Industries Limited’s board has approved an increase in the project cost for its new manufacturing facility at Maksi, Madhya Pradesh, from ₹180 crore to ₹250 crore. The decision was taken during a board meeting held on May 27, 2026. The plant is intended for the production of Fibre Cement Boards with an installed capacity of 58,000 M.T. p.a.

The project was initially approved by the board on November 5, 2025, with an estimated cost of ₹180 crore. The revised cost represents a gross value increase, while the manufacturing capacity and location remain unchanged. The company stated that apart from the cost escalation, there are no other modifications to the details previously disclosed under Regulation 30 of the SEBI (LODR) regulations.

Project Details

The following table outlines the key parameters of the project:

Parameter	Details
Location	Maksi, Madhya Pradesh
Product	Fibre Cement Boards
Installed Capacity	58,000 M.T. p.a.
Initial Project Cost	₹180 crore
Revised Project Cost	₹250 crore

The board meeting commenced at 11:30 a.m. and concluded at 2:00 p.m. on the same day. The approval was communicated to the stock exchanges by S. Balamurugasundaram, Company Secretary and Legal Head.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.73%	+7.14%	+8.91%	-8.69%	+13.60%	+5.61%

Ramco Industries Limited has communicated to the National Stock Exchange of India Ltd and BSE Limited that no fresh encumbrance has been created on its shares. The declaration, submitted on April 4, 2026, covers the financial year ended March 31, 2026.

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It confirms that no other encumbrance on shares of the company has been made directly or indirectly, other than those already disclosed to the stock exchanges during the specified period.

The declaration was submitted by Pusapadi Ramasubramania Raja Venketrama Raja on behalf of various entities and individuals within the promoter and promoter group categories. The list includes key personnel and associated entities of the ramco industries group.

Promoter and Promoter Group Details

The following table outlines the entities and individuals on whose behalf the declaration was submitted:

Name of the Entity/Person	Category	E-mail ID
Pusapadi Ramasubramania Raja Venketrama Raja	Promoter	prvraja@me.com
P.V.Abinav Ramasubramaniam Raja	Promoter	canajco@gmail.com
Nalina Ramalakshmi	Promoter Group	nalinarame@hotmail.com
Saradha Deepa	Promoter Group	sharada_deepa@yahoo.com
P.V.Nirmala	Promoter Group	pvnirmala_raja@me.com
S.R.Srirama Raja	Promoter Group	trclrjpm@gmail.com
N.R.K.Ramkumar Raja	Promoter Group	rnraja@hotmail.com
N.R.K.Ramkumar Raja HUF	Promoter Group	rnraja@hotmail.com
Byrraju Srisandhya Raju	Promoter Group	mail.preethamp@gmail.com
The Ramco Cements Limited	Promoter Group	ksn@ramcocements.co.in
Rajapalayam Mills Limited	Promoter Group	rajacot@ramcotex.com
Ramco Management Private Ltd.	Promoter Group	arulpranavam_a@ramcotex.c
The Ramaraju Surgical Cotton Mills Ltd.	Promoter Group	vgopal@ramcotex.com
Ramco Industrial and Technology Services Ltd.	Promoter Group	ksn@ramcocements.co.in
RCD C Securities and Investments Private Ltd.	Promoter Group	bms@ril.co.in
Ramco Private Limited	Promoter Group	rajacot@ramcotex.com
Ramco Agencies Private Limited	Promoter Group	rajacot@vsnl.com
Alagaraja Ramalakshmi	Promoter Group	arsugantha@gmail.com
Sethulakshmi Jayaraman	Promoter Group	srividhj@gmail.com

The filing was signed by P.R. Venketrama Raja, Chairman of Ramco Industries Limited, on April 4, 2026, in Chennai. A copy of the declaration has been forwarded to the Audit Committee of the company.