Gokul Agro Resources Limited — Important, 30-12-2024: Capacity addition

Gokul Agro Resources has acquired fixed assets for an edible oil refinery in Mangalore from Sri Anagha Refineries Private Limited. The company's existing capacity is 5,550 tons per day (TPD), which is utilized at more than 75%. With the new acquisition, Gokul plans to add 100 TPD capacity within six months, requiring an investment of INR 105.53 Crores. The acquisition will be financed through bank borrowings and internal accruals. This strategic move aims to enhance the company’s market presence in Southern India, presenting a positive outlook for growth in the region. Investors should watch closely for developments stemming from this acquisition.