Kay Power Incorporates New Wholly Owned Subsidiary

Kay Power and Paper Ltd has announced the incorporation of a new wholly owned subsidiary, Kay Pulp and Paper Mills Private Limited, effective July 15, 2026. The subsidiary has an authorized capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. Its primary business will involve the manufacturing, processing, and trading of various paper products, including packaging paper and related raw materials. The subsidiary is a related party to the parent company, and its initial share capital was contributed at face value. Kay Power and Paper Ltd will hold 100% of the subsidiary's paid-up share capital. The subsidiary is yet to commence business operations and has reported nil turnover.