Shreenath Paper Products Acquires 25,000 Shares in SPIPL

Shreenath Paper Products Limited has successfully completed the acquisition of 25,000 equity shares of Shreenath Paper Industries Private Limited (SPIPL) from M. Bijoy Ramesh Shah. The acquisition, priced at face value of ₹10 per share, amounts to a total consideration of ₹2,50,000. This transaction increases Shreenath Paper Products' shareholding in SPIPL from 50% to 75%, thereby converting SPIPL from an Associate Company to a Subsidiary Company, effective September 24, 2026. The acquisition was completed following the execution of share transfer documents and statutory formalities.