Kovilpatti Lakshmi Roller Flour Mills Limited announced that its Board of Directors, in a meeting held on November 13, 2026, approved the purchase of approximately 2 acres of vacant land in Puducherry for ₹2.25 Crores for commercial purposes. Additionally, the board granted in-principle approval for capital expenditure (CAPEX) of approximately ₹7.40 Crores towards upgrading and modernizing equipment in its Engineering division. The company also reported its unaudited financial results for the quarter and six months ended September 30, 2026.
Board Approvals and Financial Updates
Kovilpatti Lakshmi Roller Flour Mills Limited has announced key decisions made by its Board of Directors during a meeting held on November 13, 2026. The board approved the acquisition of approximately 2 acres of vacant land located in Puducherry. This land is intended for commercial use and the cash consideration for the purchase will not exceed ₹2.25 Crores. The company also confirmed that this transaction is with an unrelated third-party seller.
Capital Expenditure for Engineering Division
Furthermore, the Board granted in-principle approval for a capital expenditure (CAPEX) plan estimated at ₹7.40 Crores. This CAPEX is designated for the upgradation and modernization of equipment within the company’s Engineering division, situated in Coimbatore, Tamil Nadu. The initiative aims to enhance operational efficiency, reduce maintenance costs, and ensure long-term sustainability. The implementation of these projects is expected to be phased and completed by June 30, 2027.
Unaudited Financial Results
The company also submitted its unaudited financial results for the quarter and six months ended September 30, 2026. The results show a profit of ₹351.67 Lakhs for the quarter and ₹460.41 Lakhs for the six-month period, before tax. The total comprehensive income for the quarter stood at ₹329.59 Lakhs, and for the six months it was ₹440.47 Lakhs. The company has no subsidiaries, associates, or joint ventures, therefore consolidated financial results are not applicable.
Source: BSE
