SBEC Systems (India) Limited at its board meeting held on February 12, 2024 approved the setting up a new line of business of Solar on Grid System Project, the said project is to be set up at Modi Arc Electrode Company, Modi Industries Compoud, Delhi-Meerut Road, Modinagar-201204. With the growing demand for Solar Energy, and with the initiative and encouragement of the Government of India through various incentive schemes, the Company would like to avail the benefits arising from the growing demands of the proposed new products. Estimated investment is INR 50 million or such other amount may be amended by the board of directors from time to time.