Kovilpatti Lakshmi Roller Flour Mills Limited has announced the outcome of its Board meeting held on November 13, 2026. Key decisions include the approval of unaudited financial results for the quarter and six months ended September 30, 2026. Additionally, the Board gave in-principle approval for capital expenditure of approximately ₹7.40 crore for equipment upgradation and modernization in its Engineering division. The company also approved the purchase of vacant land in Puducherry for approximately ₹2.25 crore.
Board Approves Financials and Strategic Investments
The Board of Directors of Kovilpatti Lakshmi Roller Flour Mills Limited met on November 13, 2026, to discuss and approve several key business matters. The meeting resulted in the approval of the company’s unaudited financial results for the quarter and six months ended September 30, 2026.
Capital Expenditure for Modernization
In a strategic move to enhance operational efficiency and long-term sustainability, the Board has granted in-principle approval for a capital expenditure (CAPEX) of approximately ₹7.40 crore. This investment will be directed towards the upgradation and modernization of equipment within the company’s Engineering division, located in Coimbatore, Tamil Nadu. The implementation of these projects is expected to be carried out in a phased manner, with an anticipated completion timeline of June 30, 2027.
Land Acquisition for Commercial Purposes
Furthermore, the Board has approved the purchase of vacant land in Puducherry for commercial purposes. The land, measuring approximately 2 acres, will be acquired from an unrelated third-party seller for a cash consideration not exceeding ₹2.25 crore. The acquisition is subject to requisite consents and approvals and is expected to be completed by June 30, 2027.
Financial Highlights
The unaudited financial results for the six months ended September 30, 2026, show total income of ₹20,877.29 lakhs and a profit after tax of ₹460.41 lakhs. The Engineering division contributed significantly, with total assets valued at ₹5,883.35 lakhs and revenue of ₹5,722.32 lakhs for the period.
Source: BSE
