Mafatlal Industries Limited has announced the initiation of installation of a 4MWp (DC) ground-mounted solar photovoltaic power plant at its Nadiad Unit for captive consumption. The company made this disclosure to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Solar Power Plant Specifications

The key details of the solar power project are outlined below:

Expected Benefits and Impact

Upon successful implementation, the solar power plant is expected to bring notable savings in power cost for the manufacturing unit. The initiative represents a strategic move towards cost optimization while supporting environmental sustainability goals.

Environmental Sustainability Commitment

This solar power project reflects Mafatlal Industries Limited's commitment towards environmental sustainability. The initiative contributes to:

• Green energy generation
• Reducing carbon footprint
• Supporting renewable energy adoption in manufacturing operations

The company's investment in solar power infrastructure aligns with broader industry trends towards sustainable manufacturing practices and energy cost management. The captive consumption model ensures direct utilization of generated solar power for manufacturing operations at the Nadiad Unit.

Mafatlal Industries Limited , a stalwart in the Indian textile industry, has taken a significant step to enhance employee engagement and ownership. The company recently announced the allotment of 1,30,000 equity shares under its Employee Stock Option Scheme (ESOP) 2017, demonstrating its commitment to aligning employee interests with corporate growth.

Key Details of the Allotment

The Share Allotment Committee of the Board of Directors approved the following:

Impact on Share Capital

This allotment has led to an increase in the company's paid-up capital:

ESOP Scheme Background

Mafatlal Industries had previously obtained BSE approval for listing 6,95,000 equity shares under the ESOP scheme. Following a share split in November 2022, where each share of Rs. 10 was split into shares of Rs. 2 each, the number of shares under the ESOP scheme was adjusted to 34,75,000.

Financial Performance Context

The ESOP allotment comes against the backdrop of Mafatlal Industries' strong financial performance. For the half-year ended September 30, the company reported:

• Revenue from operations: Rs. 2,269.90 crore (56.80% YoY growth)
• Operating EBITDA: Rs. 76.50 crore (53.50% YoY growth)
• Profit Before Tax (PBT): Rs. 71.20 crore (63.70% YoY growth)

Dividend Announcement

In a separate development, the Board of Directors has declared an interim dividend of Rs. 1.25 per equity share. The record date for this dividend is set for November 14, with the payment to be made by November 21.

BSE Approval for Trading

Mafatlal Industries Limited has received listing and trading approval from BSE for 1,30,000 equity shares of Rs. 2/- each issued under the company's Employee Stock Option Scheme 2017. These shares, with distinctive numbers 72028931 to 72158930, are set to become available for trading from November 25, 2025, following the exercise of stock options by employees.

Conclusion

The ESOP allotment by Mafatlal Industries Limited reflects the company's strategy to incentivize and retain talent while fostering a sense of ownership among employees. This move, coupled with the company's strong financial performance, dividend declaration, and the recent BSE approval for trading of ESOP shares, signals a positive outlook for both employees and shareholders.