NIKITA2026-10-31NIKITANIKITA GREENTECH RECYCLING LIMITED000000NOTLISTEDINE0FLF01015Commencement or postponement (Sub-para 1-Para B)Newfalse2026-10-3100:00:00This is in continuation of the Company's earlier intimations dated July 09, 2026, regarding, (i) capacity addition through upgradation of the existing Paper Machine-I (PM-I), and (ii) temporary shutdown of the production line at Paper Unit (PM-I) at the Company's manufacturing facility situated at C-10, Industrial Estate, Panipat Road, Shamli, Uttar Pradesh – 247 776, for installation, integration and commissioning of new machinery and related equipment. <br /> <br /> Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023 and last updated on January 30, 2026, relating to commencement or postponement of the date of commencement of commercial production or commercial operations of any unit/division, and other applicable provisions, if any, NIKITA GREENTECH RECYCLING LIMITED (formerly known as Nikita Papers Limited) (“the Company”) hereby informs that the physical installation and setup of the new machinery and related equipment at Paper Unit (PM-I) have been completed as on the date of this intimation, at its manufacturing facility situated at C-10, Industrial Estate, Panipat Road, Shamli, Uttar Pradesh – 247 776. <br /> <br /> The Company will undertake technical trials and testing of the newly installed machinery during November 2026 to assess its performance and ensure proper integration and functioning of the upgraded production line. <br /> <br /> Upon successful completion of the technical trials and other necessary activities, the Company will proceed towards commencement of commercial production. The date of commencement of commercial production shall be separately intimated to the Stock Exchange once finalised, in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <br /> <br /> Meanwhile, the temporary shutdown of the production line at Paper Unit (PM-I), which commenced with effect from July 15, 2026, will continue until successful completion of the technical trials and commencement of commercial operations. <br /> <br /> During this period, operations at Paper Unit (PM-II) of the Company will continue uninterrupted. The Company will continue its business operations through Paper Unit (PM-II) and, accordingly, does not anticipate any material adverse impact on its overall business operations, customer commitments or profitability on account of the temporary shutdown of Paper Unit (PM-I). <br /> <br /> The Company remains committed to completing the ongoing activities and commencing commercial production at Paper Unit (PM-I) at the earliest, subject to successful completion of the technical trials and necessary activities. <br /> <br /> The Company will continue to keep the Stock Exchange informed of any further material developments in relation to the capacity addition project and shall separately intimate the commencement of commercial production and resumption of operations at Paper Unit (PM-I), in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <br /> <br /> The above information shall also be available on the Company’s website www.nikitagreentechrecycling.com. <br /> <br /> We request you to take the same on record.2026-10-31UnitCommercial productionPaper Unit (PM-I)2026-10-31The physical installation and setup of the new machinery and related equipment at Paper Unit (PM-I) have been completed as on October 31, 2026. The Company will undertake technical trials and testing during November 2026. Commercial production shall commence upon successful completion of the technical trials and other necessary activities, and the actual date of commencement shall be separately intimated to the Stock Exchange.trueAs previously intimated to the Stock Exchange vide letter dated July 09, 2026, operations at Paper Unit (PM-I) were expected to resume by October 2026. However, following completion of the physical installation and setup of the new machinery and related equipment, technical trials and testing are required to assess their performance and ensure proper integration and functioning of the upgraded production line. Accordingly, the expected commencement of commercial production has been postponed until successful completion of the technical trials and other necessary activities, which are scheduled to be undertaken during November 2026. The Company is presently targeting commencement of commercial production from January 2027, subject to successful completion of technical trials and other necessary activities. The actual date of commencement shall be separately intimated to the Stock Exchange.2026-07-092027-01-01Note(s) – Regarding Dates Entered in XBRL Utility under Regulation 30 <br /> <br /> Date entered as 31-10-2026: The date of October 31, 2026 has been entered considering the Company's earlier intimation dated July 09, 2026, wherein the Company had informed the Stock Exchange that operations at Paper Unit (PM-I) were expected to resume by October 2026. Accordingly, October 31, 2026, being the last day of the previously indicated month, has been considered for the purpose of reflecting the postponement of the earlier expected timeline in the XBRL utility while filing the present intimation dated October 31, 2026. <br /> <br /> Tentative Date of Commencement – 01-01-2027: The tentative date of January 01, 2027 has been entered based on the present decision and estimated timeline of the Management, considering that technical trials and testing of the newly installed machinery are scheduled during November 2026 and may require additional time for successful completion and commencement of commercial production. <br /> <br /> The said date represents a tentative target only and does not constitute a confirmation of commencement of commercial production on that particular date. Commercial production may commence earlier, subject to successful completion of technical trials and other necessary activities, in which case the Stock Exchange shall be duly intimated accordingly. <br /> <br /> Purpose of entering the above dates: The aforesaid dates have also been entered in the respective date fields as the XBRL utility requires date entries for validation and submission of the disclosure. The dates have been considered in the context of the Company's earlier intimation, the present postponement and the Management's current estimated timeline. <br /> <br /> Further Intimation: The actual date of commencement of commercial production shall be separately intimated to the Stock Exchange upon finalisation and commencement, in accordance with applicable SEBI Listing Regulations.