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27/04/2024 15:57

Rajshree Polypack - Updates

Rajshree Polypack Limited has informed the Exchange regarding 'Outcome of Board Meeting'.In continuation to our intimation dated April 19, 2022, the Board of Directors ( Board ) of the Company at their meeting held today i.e., Saturday, April 27, 2024 have passed a resolution for amending the binding term sheet dated April 19, 2022, entered into by the Company with Olive Ecopak Private Limited ( OEPL ) and Mr. Rajesh Gandhi (The Company and Mr. Rajesh Gandhi are collectively referred to as JV Partners ). The purpose of the amendment is to increase the limit of unsecured loans to be granted to OEPL by the JV Partners, by a further sum of Rs. 6 Crores in the ratio of 50.10:49.90.