Naman Industries Proxima Approves Up To ₹16 Crore Capital Investment for Major Manufacturing Expansion
Naman Industries Proxima Limited has announced that its Board of Directors approved a significant capital investment totaling up to ₹16 Crores. This investment is dedicated to expanding manufacturing capacity and establishing new facilities, bolstering the company's operational footprint both in Maharashtra and South India. The approval was formalized via a resolution passed by the Board on August 18, 2026.The capital allocation covers two distinct projects: the conversion of an existing warehouse into manufacturing facilities at Kaman, Maharashtra, and the establishment of a new manufacturing plant in Bengaluru, Karnataka. These strategic expansions are designed to cater to growing market opportunities and diversify Naman Industries Proxima Limited's production base.
Facility Conversions and New Plant Establishment
The expansion plan involves converting Godown No. 01 & 02, located at Sheetal Industrial Complex in Kaman, Maharashtra, into a dedicated manufacturing facility. This project aims to add approximately INR 50 crore of additional annual manufacturing capacity. The investment required for the Kaman conversion is estimated at up to ₹4 Crore, with funding secured through a combination of machinery term loans, working capital banking facilities, and internal accruals. This move will allow the company to create extra production capacity while maintaining existing customer commitments and established production schedules.In parallel, Naman Industries Proxima Limited greenlit the establishment of a new manufacturing facility in Bengaluru, Karnataka. This project is intended to introduce a manufacturing presence into South India, addressing the current concentration of operations within western India. The proposed facility aims to add approximately INR 100 crore of additional annual manufacturing capacity and requires estimated capital expenditure of up to ₹12 Crore. Financing for this venture will also utilize machinery term loans, working capital banking facilities, and internal accruals.
Operational Details At A Glance
The expansion projects collectively build upon the company's existing operational base. Both facilities currently operate with an existing manufacturing capacity of INR 150 Crore, which is reported at 100% utilization. The addition of new capacity across both sites is targeted for completion within approximately four months.Key details regarding the two initiatives are summarized in the table below:
| Feature | Kaman Facility Conversion (Maharashtra) | Bengaluru Facility Establishment (Karnataka) |
|---|---|---|
| Existing Capacity | INR 150 Crore | INR 150 Crore |
| Proposed Capacity Addition | Approx. INR 50 crore annual capacity | Approx. INR 100 crore annual capacity |
| Investment Required (Capex) | Up to ₹4 Crore | Up to ₹12 Crore |
| Financing Mode | Machinery term loans, working capital banking facilities and internal accruals | Machinery term loans, working capital banking facilities and internal accruals |
| Timeline for Addition | Approximately 4 months | Approximately 4 months |
NAMAN Stock Price Movement
As of 10:00 AM, shares of Naman Industries Proxima Limited hold steady at ₹42.65 in live trading, maintaining a zero percent change on the day. The stock has traded through narrow margins, with volume currently tracking at 800 shares and the intraday high mirroring the low at ₹42.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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