Emami Paper Mills Redeems Preference Shares
Emami Paper Mills Limited announced the redemption of 2,70,000 Series II - Tranche III Optionally Convertible Redeemable Preference Shares (OCRPS) on March 27, 2026. The shares, identified by ISIN INE830C04038, have a face value of Rs. 100 each and were redeemed with a premium of Rs. 500 per share. The total redemption amount, including the premium, was paid to OCRPS holders from the company's available Profits/ Reserves. The decision to redeem the shares followed a resolution passed by the Board of Directors on February 12, 2026.Source:
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