N R Agarwal Industries Limited has announced a significant enhancement in its production capacity following regulatory approval from the Gujarat Pollution Control Board (GPCB). The company received an amendment to its Consolidated Consent & Authorization (CCA) permitting increased production capacity at its Unit-I facility located at Plot No. 167, 169, Phase-II, GIDC Estate, Vapi, District Valsad, Gujarat.

Production Capacity Enhancement Details

The regulatory approval enables N R Agarwal Industries to increase its duplex paper board production capacity from the existing 8,000 MT per month to 10,000 MT per month. This represents an additional capacity of 2,000 MT per month, marking a substantial 25% increase in production capability.

Implementation and Investment

The enhanced capacity becomes effective immediately upon receipt of the amended CCA from GPCB. Notably, the company disclosed that this enhancement pertains to regulatory approval for capacity increase, with no separate capital expenditure involved pursuant to this approval. The existing facility was already operating at 100% capacity utilization, indicating strong demand for the company's duplex paper board products.

Regulatory Framework

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The enhancement remains subject to compliance with conditions stipulated in the amended CCA.

Strategic Implications

The capacity enhancement positions N R Agarwal Industries to better serve market demand for duplex paper board products. With the existing facility operating at full capacity, the additional 2,000 MT per month production capability provides the company with increased operational flexibility and potential for revenue growth. The regulatory approval represents recognition of the company's operational capabilities and compliance standards by the Gujarat Pollution Control Board.

N r agarwal industries Limited's promoter group has strengthened its position in the company through a strategic off-market acquisition, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction, completed on February 16, 2026, demonstrates the promoter group's continued confidence in the company's prospects.

Transaction Overview

The promoter group acquired 30,000 equity shares representing 0.18% of the company's total voting capital through an off-market transaction. This acquisition increased the group's total shareholding from 74.12% to 74.30%.

Promoter Group Composition

The promoter group consists of five entities working in concert:

• Rajendra Nagin Agarwal
• Reena Rajendra Agarwal
• Raunak Rajendra Agarwal
• Rohan Rajendra Agarwal
• Reera Holdings Private Limited

Shareholding Pattern Changes

The acquisition resulted in changes to the individual shareholding pattern within the promoter group:

Company Capital Structure

N R Agarwal Industries Limited maintains a stable capital structure with no changes to its equity base:

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions. The transaction involved only equity shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved. The promoter group's acquisition reinforces their commitment to the company while maintaining transparency through proper regulatory disclosures.