Description
BirlaNu Limited clarifies that the new Fibre Cement Board plant in Andhra Pradesh was already disclosed in August 2025 Board meeting outcome, in response to BSE query on news article and price movement.
Summary
BirlaNu Limited (formerly HIL Limited) responded to BSE’s rumour verification query regarding a news article about a new fibre cement board plant and scrip price reduction. The company clarified that the establishment of the new plant near Krishnapatnam port in Nellore district, Andhra Pradesh was already approved by the Board on August 4, 2025 and properly disclosed to stock exchanges on the same date. The company reiterated its compliance with disclosure requirements and stated that price movements are purely market-driven.
Key Points
- BSE issued rumour verification query via email ref. L/SURV/ONL/RV/AA/(2025-2026)/92 dated November 24, 2025
- Query concerned Economic Times article dated November 23, 2025 about new fibre cement board plant and scrip price reduction
- New Fibre Cement Board plant location: Near Krishnapatnam port, Nellore district, Andhra Pradesh
- Board approval date: August 4, 2025
- Plant setup expected completion: Within 18 months (tentatively)
- Expansion type: Greenfield expansion
- Stock codes: BSE Scrip Code 509675, NSE Symbol BIRLANU
- Company confirms timely disclosure of all price-sensitive information under Regulation 30 of SEBI Listing Regulations
Regulatory Changes
No regulatory changes. This is a clarification circular in response to exchange query.
Compliance Requirements
No new compliance requirements. The circular demonstrates compliance with:
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- BSE rumour verification process
- Timely disclosure of material events and price-sensitive information
Important Dates
- August 4, 2025: Board meeting approval and disclosure of new plant setup
- November 23, 2025: Economic Times news article publication
- November 24, 2025: BSE rumour verification query issued
- November 24, 2025: Company’s clarification response
- Expected completion: Within 18 months from August 4, 2025 (tentatively by February 2027)
Impact Assessment
Market Impact: Low - No new information disclosed; clarification of already public information. The company has stated that price movements are market-driven and management has no control over scrip price fluctuations.
Operational Impact: None immediate - The greenfield expansion was already in progress as per August 2025 disclosure. The 18-month timeline for plant completion remains unchanged.
Investor Impact: Low - Provides reassurance about proper disclosure practices and clarifies that the news article referenced previously disclosed information. No material change in company operations or financial position.
Compliance Impact: Demonstrates proper adherence to disclosure requirements and responsive engagement with exchange queries on rumour verification.
Impact Justification
Routine clarification confirming already disclosed information about greenfield expansion; no new material information or compliance requirements; addresses market query on price movement