Jumbo Bag Ltd — Important, 31-01-2026: Company Update

Jumbo Bag Limited has withdrawn its proposal to lease a property at Sasi Earth Movers, Gummidipoondi – SIPCOT, which was intended for a new manufacturing unit. This decision follows detailed due diligence that uncovered discrepancies in land measurement and an assessment by a structural engineer deeming the existing building and foundation unsuitable. After evaluating various technical, commercial, and operational factors, the company concluded the property does not meet its requirements, leading to the discontinuation of this project. This reflects the company's prudent approach to investment and expansion.