NEL Holdings South: Commencement Of Production Of Food Factory

Further to our earlier intimation regarding incorporation of a wholly owned subsidiary for undertaking food and catering business we wish to inform that the Company through its wholly owned subsidiary has successfully commissioned its manufacturing facility (Food Factory) for production of packaged food items including idli & dosa batter ready-to-make-chapati sweets and other snack items.The subsidiary has commenced operations and has started production for sampling and testing purposes and upon successful completion of this initial phase its first set of packaged food products is expected to be launched in the market during this quarter.The Company has also made a substantial capital expenditure (CAPEX) investment in the subsidiary towards establishing the initial production capacity of the aforesaid food manufacturing facility which forms a significant part of the Companys strategic expansion into the food industry and its future growth plans.