V Visaka Industries Limited at its board meeting held on May 19, 2023, approved expansion of capacities of existing V-Board units situated at Delwadi in Maharashtra and in jahjjar in Haryana by 24,000 tones per annum each with approximate capital outlay of INR 400 million. Accorded in-principal approval for expansion of capacity of textile units situated Nagapur, Maharashtra by 15% to the exiting spinning positions of 3,040 with an estimated capital outlay of INR 600 million. Both the above expansion will be funded partly by debt and partly by internal accruals.