Megastar Foods Limited announced that the board of directors of the company, at its meeting held on 11 November 2022, inter-alia, considered and approved the expansion of existing Flour Mill Plant. Existing Production Capacity: 300 MT Per Day; Existing Storage Capacity: 14000 MT; Existing Production Capacity Utilization: 90% Mill and may vary subject to raw material availability; Existing Storage Capacity Utilization: 90% and may vary subject to raw material availability; Proposed Production Capacity Addition: 320 MT Per Day; Proposed Storage Capacity Addition: 30000 MT; Period within which the proposed capacity is to be added: Approx. September 2023; Investment Required: INR 500 million; Mode of Financing: Company reserves and borrowings; Rationale: Expansion.