Vaswani Industries has announced significant progress in its manufacturing capacity expansion and renewable energy projects, as per a recent regulatory filing.

Billet Manufacturing Capacity Expansion

The company has successfully completed the expansion of its Billet manufacturing capacity, increasing it from 66,000 MT to 150,000 MT per annum. Currently, trial runs are in progress at the expanded facility.

Vaswani Industries is awaiting the Consent to Operate (CTO) approval from the Pollution Control Department to commence commercial production at the expanded capacity. The company has assured stakeholders that it will inform the stock exchanges promptly upon receiving the approval and initiating commercial operations.

Solar Power Projects Progress

Vaswani Industries is making strides in its renewable energy sector with the development of solar power projects totaling 66.50 MWp across Chhattisgarh. The company provided updates on three key projects:

1. Gandai Project (16.25 MWp): This project is already operational, contributing to the company's green energy portfolio.

2. Mohbhatta Project I (13.75 MWp):

   • Structure work has been completed.
   • Module installation faced delays due to heavy rainfall, which impacted site conditions and logistics.
   • Installation is currently in progress.

3. Mohbhatta Project II (36.25 MWp):

   • Land acquisition and structure work have been completed.
   • Bank finance has been secured from Union Bank of India.
   • Module installation has commenced.

Financial Implications

While specific financial details were not disclosed in the update, the expansion of billet manufacturing capacity and the progress in solar power projects are likely to have significant implications for Vaswani Industries' future revenue streams and operational efficiency.

The increased billet production capacity, once operational, could potentially boost the company's market share and revenue in the steel sector. Similarly, the solar power projects, upon completion, are expected to contribute to the company's diversification into renewable energy and may provide a stable source of income.

Investors and stakeholders will be keenly watching for the commencement of commercial operations at the expanded billet facility and the timely completion of the solar power projects, as these developments could impact the company's financial performance in the coming quarters.

Vaswani Industries continues to demonstrate its commitment to growth and sustainability through these strategic expansions and investments in green energy projects.

Vaswani Industries Limited , a prominent player in the industrial sector, has received a significant boost to its capital raising efforts. The company has secured in-principle approvals from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for a preferential share issue to its promoters, potentially injecting ₹8.00 crore into the company's coffers.

Approval Details

The approvals, granted on July 30, 2025, by BSE and July 31, 2025, by NSE, allow Vaswani Industries to issue 16,00,000 equity shares with a face value of ₹10.00 each. The shares are to be issued at a minimum price of ₹50.00 per share, including a premium, on a preferential basis to the company's promoters.

Issue Specifics

Regulatory Compliance

The approval comes with standard conditions that Vaswani Industries must adhere to:

1. Filing listing applications promptly after the allotment of shares.
2. Obtaining all necessary statutory approvals.
3. Complying with SEBI regulations and guidelines.

Enhanced Monitoring Measures

In an interesting development, the NSE has advised Vaswani Industries to strengthen its internal controls. This measure is aimed at effectively monitoring trades executed by the proposed allottees in the company's scrip. The move is designed to prevent any potential non-compliance with the provisions of Chapter V of SEBI (ICDR) Regulations.

Undertakings from Allottees

As part of the compliance measures, Vaswani Industries has been advised to obtain undertakings from the allottees. These undertakings should confirm that the allottees will not engage in:

1. Intra-day trading in the company's scrip.
2. Selling shares of the company until the allotment date.

This step is in line with the requirements under SEBI (ICDR) Regulations and aims to maintain market integrity during the share issuance process.

Implications and Next Steps

The successful completion of this preferential issue could significantly strengthen Vaswani Industries' financial position. The infusion of ₹8.00 crore, at minimum, is expected to provide the company with additional capital for its operations and growth initiatives.

As Vaswani Industries moves forward with this share issuance, investors and market watchers will be keen to observe how the company utilizes these funds and the impact on its future performance. The company will need to navigate the regulatory requirements carefully to ensure a smooth completion of the share allotment process.

This development marks a positive step for Vaswani Industries, reflecting the confidence of its promoters in the company's prospects and their commitment to its growth trajectory.