Kay Power and Paper Ltd Incorporates Wholly Owned Subsidiary for Paper Manufacturing Operations
Kay Power and Paper Ltd has announced the incorporation of a new wholly owned subsidiary, Kay Pulp and Paper Mills Private Limited. The company was officially incorporated on July 15, 2026.The new entity will operate within the manufacturing of packing paper and related products. Its core business activities include the production, processing, sale, import, export, distribution, and trading of various types of paper including pulp, waste paper, recycled paper, kraft paper, tissue paper, specialty paper, corrugated paper, and packaging paper. The subsidiary is also intended to handle stationery products, packaging materials, and other associated articles.
The scope of the business includes manufacturing and dealing in raw materials, chemicals, additives, consumables, machinery, plant, equipment, and spare parts required for the manufacture, processing, conversion, finishing, packaging, and trading of paper products.
As of the date of announcement, the subsidiary has not yet commenced business operations and reports a turnover of Nil. Kay Power and Paper Ltd maintains 100% of the paid up share capital of the new entity, with the entire beneficial holding resting with the parent company.
| Feature | Details |
|---|---|
| Name of Subsidiary | Kay Pulp and Paper Mills Private Limited |
| Date of Incorporation | July 15, 2026 |
| Authorized Capital | Rs. 15,00,000 |
| Paid-up Share Capital | Rs. 1,00,000 (Divided into 10,000 equity shares) |
| Ownership Status | 100% held by Kay Power and Paper Limited |
| Industry Sector | Manufacturing of Packing Paper and related products |
| Current Turnover | Nil (Yet to commence business operations) |
Stock Price Movement
As of 12:35, Kay Power and Paper Ltd shares are sliding to ₹9.89, down 1.49%. The stock is currently navigating a wide path between its intraday low of ₹9.16 and a high of ₹10.68.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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