Emami Paper Mills approves surrender of land in Gujarat allotted by GIDC

The board has approved the surrender of plots allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project.

Sep 16, 2019 03:09 IST India Infoline News Service

Emami Paper Mills on Friday said that its board have approved the surrender of plots allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project.

“Surrender of the Plot Nos. 119, 121 to 126 admeasuring 414930.894Sq. Mt. at Saykha Industrial Estate, District Bharuch. Gujarat, allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project, to the Company and also authorized severally P.S.Patwari, Executive Director and Bharat Agarwal, President of the Company to take all such necessary steps for completing various formalities to surrender the above-mentioned plot,” the company said in the filing.

“We further confirm that none of the Directors or KMPs of the company and their relatives is interested in the resolution passed by Circulation,” it added.

Stock view: Emami Paper Mills Ltd ended at Rs86 down by Rs0 or 0% from its previous closing of Rs86 on the BSE.

The scrip opened at Rs87.50 and touched a high and low of Rs88.05 and Rs82.10 respectively.

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