Shreenath Paper acquires 25% in SPIPL for ₹2.5 L, makes it subsidiary

Shreenath Paper Products Limited's Board of Directors approved the acquisition of 25,000 equity shares of Shreenath Paper Industries Private Limited (SPIPL), an existing Associate Company. The shares were acquired from Mr. Bijoy Ramesh Shah at ₹10 per share, totaling ₹2,50,000. This acquisition increases Shreenath Paper's shareholding in SPIPL from 50% to 75%, consequently making SPIPL a Subsidiary Company. The acquisition is subject to completion of transfer formalities.