Polyplex Corporation Ltd - 524051 - Announcement Under Regulation 30- Update Regarding Termination Of PAR LLC, USA, A Step-Down Subsidiary Of The Company
Polyplex Corporation Limited has voluntarily dissolved its step-down US subsidiary, PAR LLC, effective March 27, 2026. The subsidiary, domiciled in the United States, had a net worth of ₹15.55 crore (0.25% of the company’s net worth) for FY2024-25 and negligible turnover.
Mar 27 2026 19:03:00
Polyplex Corporation Limited
Polyplex Corporation's step-down subsidiary, PAR LLC, USA, voluntarily dissolved effective March 27, 2026. All capital contribution and surplus were remitted to its immediate parent company, with no direct contribution or effect on the company's financials.
Mar 27 2026 19:03:00
Polyplex Corporation Limited
Polyplex Corporation Limited's step-down subsidiary, PAR LLC (USA), has been voluntarily dissolved as of March 27, 2026. This dissolution led to the remittance of PAR LLC's net worth of ₹15.55 crores (0.25% of Polyplex's total) to the parent company.
Mar 27 2026 18:03:00
Polyplex Corporation Limited
Polyplex Corporation acquired a 0.49% stake in Clean Max Neht Private Limited for ₹11 crores. This strategic investment aims to optimize energy costs and comply with regulatory captive power consumption requirements, with completion expected in approximately 365 days.
Mar 25 2026 18:03:00
Polyplex Corporation Limited
Polyplex Corporation acquired a 0.26% stake in BECIS Solar 1 Private Limited for ₹1.1 crores. This acquisition aims to meet green energy needs, optimize costs, and ensure compliance with captive power regulations. The target entity, incorporated in 2024, will develop solar projects for the company.
Mar 25 2026 18:03:00
Polyplex Corporation Limited
Polyplex Corporation Limited acquires a 51% stake in Technova Printrite Products Private Limited for ₹62.1 crores. This acquisition aims to create manufacturing and marketing synergies, strengthening Polyplex's digital print media business.
Mar 25 2026 18:03:00
Polyplex Corporation Ltd - 524051 - Announcement under Regulation 30 (LODR)-Acquisition
Polyplex Board approved an investment of up to ₹11 crore for a ~49% equity stake in Clean Max Neht Private Limited. This SPV will supply solar power to Polyplex's Khatima and Bazpur plants, with the acquisition expected to complete within approximately 365 days.
Mar 25 2026 18:03:00
Polyplex Corporation Limited
Polyplex Corporation's board approved an investment of up to ₹11 crores for a ~49% equity stake in Clean Max Neht Private Limited. This SPV will facilitate the purchase of solar power for the company's plants at Khatima and Bazpur, aiming to optimize energy costs and comply with regulatory requirements for captive power consumption.
Mar 25 2026 18:03:00
Polyplex Corporation Ltd - 524051 - Announcement under Regulation 30 (LODR)-Acquisition
Polyplex board approved an investment of ₹1.1 crore for ~26% stake in BECIS Solar 1 Private Limited. This investment is for developing solar energy projects at its Khatima and Bazpur plants, aiming to meet green energy needs and optimize energy costs.
Mar 25 2026 18:03:00
Polyplex Corporation Limited
Polyplex Corporation Ltd approved investing ₹1.1 crore in BECIS Solar 1 Private Limited for a ~26% shareholding. This investment is for installing solar energy projects at the company's Khatima and Bazpur plants, aiming to meet green energy needs and optimize energy costs.
Mar 25 2026 18:03:00
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