Description
BirlaNu Limited clarifies news article regarding new fibre cement board plant in Andhra Pradesh, confirming the expansion was previously disclosed in August 2025 Board meeting.
Summary
BirlaNu Limited (formerly HIL Limited) submitted a clarification to BSE and NSE in response to a rumour verification request regarding a news article about a new fibre cement board plant in Andhra Pradesh and associated scrip price reduction. The company confirmed that the greenfield expansion project was already approved by the Board on August 4, 2025, and properly disclosed to exchanges at that time. The company reiterated its compliance with SEBI Listing Regulations and stated that price movements are market-driven and beyond management control.
Key Points
- Rumour verification requested by BSE via email ref no. L/SURV/ONL/RV/AA/ (2025-2026)/ 92 dated November 24, 2025
- News article appeared in Economic Times on November 23, 2025 regarding new plant announcement
- New Fibre Cement Board plant to be located near Krishnapatnam port, Nellore district, Andhra Pradesh
- Project is part of greenfield expansion plans
- Board approval obtained on August 4, 2025
- Plant completion expected within 18 months from approval date (tentatively by February 2027)
- Company confirmed timely disclosure of all price sensitive information under Regulation 30 of SEBI LODR
- Management stated price movements are market-driven and beyond their control
- Scrip Code: 509675 (BSE), Symbol: BIRLANU (NSE)
Regulatory Changes
No regulatory changes introduced. This is a routine compliance clarification under existing SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Compliance Requirements
- Company reaffirmed compliance with Regulation 30 of SEBI LODR regarding disclosure of material events
- Provided reference to original disclosure made on August 4, 2025
- Submitted clarification through BSE Listing Centre and NEAPS as required
Important Dates
- November 23, 2025: News article published in Economic Times
- November 24, 2025: BSE issued rumour verification request
- November 24, 2025: Company submitted clarification to exchanges
- August 4, 2025: Original Board approval and disclosure of plant expansion
- Tentative completion: Within 18 months from August 2025 (approximately February 2027)
Impact Assessment
Market Impact: Minimal. This is a clarification of previously disclosed information with no new material developments. The news article merely repeated information already available to the market since August 2025.
Company Impact: Low operational impact as the clarification confirms existing expansion plans without modifications. The company maintains its compliance track record.
Investor Impact: No new information for investors. The clarification serves to confirm that all material information was timely disclosed per regulations. Price movements mentioned are attributed to general market conditions rather than undisclosed information.
Regulatory Significance: Routine compliance response demonstrating the company’s adherence to rumour verification procedures and disclosure obligations under SEBI LODR.
Impact Justification
Routine clarification confirming previously disclosed information with no new material developments or regulatory implications