StockWatch
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Packaging
Loan & Debt30 Sept 2026, 03:24 pm

Orient Press Invites Fixed Deposits from Members

AI Summary

Orient Press Ltd has issued a circular inviting members to invest in fixed deposits. The scheme allows deposits starting from a minimum of ₹50,000 in multiples of ₹10,000. Interest rates offered are 9.00% per annum for both two-year and three-year tenures, with interest payable quarterly. Deposits will be accepted via crossed "A/c. Payee Cheques" drawn in favour of "ORIENT PRESS LIMITED". The company reserves the right to change terms or reject applications without assigning a reason. This initiative is in compliance with Section 73(2) of the Companies Act, 2013, and relevant rules.

Key Highlights

  • Orient Press invites members to invest in fixed deposits.
  • Minimum deposit is ₹50,000, in multiples of ₹10,000.
  • Interest rate offered is 9.00% per annum for 2 and 3-year terms.
  • Interest is payable quarterly.
  • Scheme complies with Companies Act, 2013 provisions.