Felix Industries Limited — Important, 03-12-2024: Updates

Felix Industries Limited will acquire a 20% stake in Eco-Vision Aqua Care Private Limited, which focuses on environmental infrastructure, specifically waste management and treatment. Eco-Vision is in the process of installing a Central Effluent Treatment Plant (CETP-ZLD) in Changodar, Ahmedabad, with a processing capacity of 4 MLD and an estimated project cost of ₹70 crore. This strategic investment aligns with Felix Industries' core business objectives and reinforces its commitment to environmental solutions. The completion of this acquisition is anticipated by March 31, 2025, with the cash consideration totaling ₹4.2 crore. This move could strengthen Felix's position in the growing waste management sector, presenting potential long-term growth opportunities. Investors should monitor this development closely as it reflects the company’s expansion strategy in a key industry.