StockWatch
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Paper & Paper Products
Business Update6 Jun 2026, 05:51 pm

Pudumjee Paper MOA Alteration Approved by Board

AI Summary

Pudumjee Paper Products Ltd announced that its Board of Directors has approved an alteration to the Memorandum of Association (MOA). The amendment, subject to shareholder approval via postal ballot, will allow the company to sell, supply, trade, or otherwise deal with surplus electricity generated from its renewable energy facilities. This move aims to enable economically efficient utilization of excess renewable energy, such as solar and wind power, which may exceed the company's captive consumption requirements.

Key Highlights

  • Board approved alteration of Memorandum of Association.
  • Amendment allows sale of surplus renewable energy.
  • Shareholder approval required via postal ballot.
  • Aims for economically efficient utilization of excess power.