Maral Overseas Limited approved expansion of business. Proposal for setting up a spinning unit of 18864 spindles for producing yarn at its existing Sarovar Plant (M.P.) with estimated outlay of INR 1,229.4 million. This unit is expected to commence production in fiscal year 2023-2024.

Proposal for setting up of new unit for the Garment business of Company at Noida (U.P.) with estimated outlay of INR 149.3 million. This unit is expected to commence production in second quarter of the fiscal year 2022-2023.