Polyplex Corp Withdraws ₹11 Cr Solar Power Project Investment

Polyplex Corporation Ltd has decided not to proceed with its earlier proposal to invest up to ₹1,100 Lakh (₹11 Crore) in Clean Max Neht Private Limited. This Special Purpose Vehicle (SPV) was intended for the purchase of solar power for the company's plants in Khatima and Bazpur. The Board of Directors reviewed the proposal and concluded that the investment would not yield the expected economies or savings due to a change in economic conditions. The decision was made during a Board Meeting held on March 25, 2026.