The Board of Directors of KDDL Limited at its meeting held on May 30, 2022, approved the expansion of Dials factory situated at Derabassi, Punjab. The expansion will enhance the capacity of the unit by 0.5 million pcs. per annum, especially to cater for exports to the medium-high watch segment of Swiss Watches.

The expansion will involve capex of INR 160 million and will be executed in phases over two years period (in fiscal year 2023 and fiscal year 2024). Setting up of a new plant for manufacturing of top quality steel bracelets for watches around Bangalore (Karnataka). The plant will cater exclusively to mid and high end Swiss and European watches market and will involve an capital expenditure of INR 250 million to be executed over next two years (in fiscal year 2023 and fiscal year 2024).

The plant is intended to be set with a capacity of 100 k steel bracelets p.a.