Campus Activewear Limited has announced an investment of ₹230 crore to expand its manufacturing capacity by the close of FY2027-28. This expansion aims to meet business growth and enhance backward integration.
To facilitate this expansion, the company is acquiring land and a building from M/s Nainipanel Industries Private Limited. The land, located in Sector-05, IIE SIIDCUL, Pantnagar, Industrial Area, measures 47,000 square meters.
The acquisition of the land and building is valued at ₹74.75 crore. The transaction is an all-cash deal intended to expand the company's capacity for manufacturing semi-finished goods (sole and/or upper) and assembly of footwear. The transfer deed was executed on September 2, 2025.
The company’s existing annual manufacturing capacity includes 8.4 million pairs of uppers and 30.7 million pairs for assembly. The current capacity utilization is 80% for uppers and 75% for assembly.
The proposed capacity addition will include an annualized capacity of 7.2 million pairs for both uppers and assembly. The company anticipates that the proposed capacity will be added within 2.5 years from September 2025.
The expansion will be financed through internal accruals.
The acquisition does not fall within the definition of a related party transaction, and no regulatory approval is required except for transfer permission from SIIDCUL.
Archana Maini, General Counsel and Company Secretary of Campus Activewear Limited, confirmed that the expansion aligns with the company's strategic objectives.
The company has informed the BSE and National Stock Exchange of India Ltd. about the acquisition and capacity expansion in compliance with Regulation 30 of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015.
The expansion is expected to drive business growth and enhance backward integration.
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