Shreenath Paper Products Incorporates Associate Company

Shreenath Paper Products Limited has incorporated a new associate company, Shreenath Paper Industries Private Limited, to manufacture and deal in various paper and board products. The company has subscribed to 50% of the paid-up equity share capital of the newly formed entity for a cash consideration at face value. Shreenath Paper Industries Private Limited was incorporated under the Companies Act, 2013, with an authorized and paid-up share capital of INR 10,00,000. This move is in furtherance to the company's earlier intimation regarding exploring joint venture opportunities and aligns with SEBI LODR Regulations.