Genus Paper & Boards Ltd Summary

Genus Paper & Boards Limited was incorporated as a public company in the year 2012 in Moradabad, (U.P). The company is an integral part of the Kailash Group, having its business into industrial Kraft paper. It has manufacturing facility based out of Moradabad having two waste paper-based manufacturing plants of Kraft Paper within the factory premises. The Company is engaged in the business of manufacturing of Kraft paper and steel ingot. Prior to this, the Company has also been engaged in making strategic investment activity, where under investments are made in shares & securities and on loans basis a thoroughand systematic evaluation by the Company and the management.At present, the Company has four independent plants within the factory premises, having the facilities for manufacturing Waste Paper based Multi Layer Kraft Paper, M. S. Ingots and fiber waste sheet. It manufactures Kraft papers of High Tear Factor (TF) and High Burst Factor (BF) ranging from 100 GSM to 400 GSM. This paper ?nds its application in the manufacturing of corrugated boxes, commonly known as carton boxes.In the year 1996, the company was incorporated as DSM Papers Limited.In the year 2002, the name of the company was changed to Kailash Paper Product LimitedIn 2006, the name of the company was changed from Kailash Paper Product Limited to Genus Paper Products Limited.In FY 2011, the company made an approval for the demerger of non-power infrastructure business.In FY 2013, Genus Paper & Boards Limited was formed as a Public Limited Company and the same was listed on the NSE and BSE Limited post the scheme of arrangement made.In FY 2015, the company enhanced production capacity.In FY 2018, the company commenced the manufacturing facility of lease Kraft Paper situated at Kashipur, in Uttrakhand.In FY 2019, the company terminated manufacturing plant of lease Kraft Paper situated at Kashipur, in Uttrakhand.During the financial year 2020, the Company incorporated a wholly owned subsidiary named Genus Paper and Coke Limited (formerly known as Kailash Paper and Coke Limited) on 23 July, 2020.During the financial year 2021, the Honble National Company Law Tribunal (Allahabad Bench), approved vide its order dated 23rd February, 2021 the Resolution Plan for acquisition & merger of NS Papers Limited submitted by the Company, approved by the Committee of Creditors, pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) and the regulations made thereunder.