Bai-Kakaji Polymers Ltd Approves Incorporation of Wholly Owned Subsidiary - Mundada Polymers Private Limited

Bai-Kakaji Polymers Ltd announced the incorporation of a Wholly Owned Subsidiary under the name Mundada Polymers Private Limited. The proposed company will have an authorized and paid-up share capital of Rs.10,00,000 comprising of 1,00,000 Equity Shares of Rs. 10/- each. The primary objects of the company include taking over and acquiring the entire business of Mundada Polymers, a proprietorship owned by a relative of the promoter of Bai-Kakaji Polymers Ltd, and carrying on the business of manufacturing, producing, processing, converting, coating, laminating, printing, slitting, cutting, trading, importing, exporting, marketing, selling, distributing, and dealing in all kinds of specialty films.