Quality Foils (India) Limited has informed the exchange about the purchase and installation of new machineries for expanding their business, with the aim of increasing production capacity, broadening product range, and enhancing competitiveness and customer satisfaction. The project is estimated to cost Rs. 20 crore and is expected to be completed by July 31, 2024. The company expects positive impact on financial position, employment opportunities, and socio-economic development. There are no related party transactions or conflicts of interest involved.