Chaman Metallics Limited — Board Meeting, 21-03-2025: Outcome of Board Meeting

The Board of Directors has approved the appointment of Mr. Rakesh Jaynarayan Tiwari and Ms. Isha Chaudhary as senior management personnel, effective March 31, 2025. Additionally, the estimated project cost for the ongoing expansion initiative has been revised from ₹296 crores to ₹396 crores, with adjustments driven by increased capacities and changes in project scope. Key factors for the cost escalation include statutory approval delays, skilled labor shortages, and rising prices of materials. Despite the challenges, the company's financial management has bolstered project continuity through internal accruals and funding support from group companies.