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Board approved entry into retail for all portfolio products with Rs 25 Cr investment for phased shops. Plans approx 500 outlets in phase-I; to launch various products based on demand assessment. First direct-retail shift from dealer-led commodity processing. Material outlay for thin-margin debt-reliant model with history of reallocating earmarked capex to working capital. Funding mix, phase-I timeline, locations, product list and return targets undisclosed. Aggressive rollout raises execution and leverage risk for spot-driven model.
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