YEAR EVENTS 1981 - The company was incorporated on May and obtained the Certificate of Commencement of business on 12th June. It was promoted by K.K. Jhunjhunwala. The company's object is to manufacture of kraft paper. - The company set up a plant for manufacture of kraft paper with a capacity of 1940 TPA. The capacity of the unit was increased to 4000 TPA with financial assistance from PKUP and VPFC. 1991 - The company set up a Unit No.II with an installed capacity of 6000 TPA poster paper. 1994 - 12,78,000 No. of equity shares of Rs.10 each issued, subscribed and paid-up. 22,50,000 No. of equity shares of Rs.10 each were issued at a prem. of Rs.10 per share of which 67,500 shares were issued to the employees on preferential basis (only 29,200 shares were taken up). Balance 12,82,500 No. of equity shares along with 38,300 shares not taken up by employees were issued to the public. Additional 3,37,500 shares were allotted to retain over-subscription (3,000 - 11% preference shares were redeemed on 10th September 1991 and 30,000 No. of equity shares of Rs.10 each were allotted in lieu thereof. 1996 - Performance was affected due to adverse market conditions and vagaries of power supply. - Co-generation unit started giving problems and developed technical snags. The company has put an amount of Rs.31.07 lacs for additional balancing equipments to overcome the aforesaid snags. - The company entered into a tie up with M/s. Indace Ltd., U.K. for technology and design and for executing the project. In India, Indace Ltd. provided the consultancy to Nath Pulp and Paper Mills Ltd. In return for the services rendered, the company was to pay the collaborators U.K. Pound Sterling 35,000. 1997 - Turnover declined marginally to Rs.16.78 crores due to sluggish market conditions. - The company undertook to set up facilities for manufacture of 30 TPD bagasse/hessian based pulp and to increase the capacity of MG paper machine No.2 from 6000 TPD to 10,000 TPA with facilities to manufacture lower grammage kraft paper to facilitate lower grammage (26 GSM to 33 GSM) kraft paper plant and machinery comprising bagasse depther conveyors, digesters, washers etc. were to be installed. - Company has allotted Equity Warrants of Rs.300 lakhs to promoters and their associates. 2002-Mr A R Nighoskar resigns from Directorhip of Yash Papers. 2005 -Delist equity shares from the Ahemedabad Stock Exchange (ASE) with effect from January 28, 2005. -Yash Papers Ltd has informed that issue of 1,68,00,000 Equity Shares of Rs 10/- each for cash at premium of Rs 4/- per equity share aggregating to Rs 2352 lacs by the Company through prospectus will open on June 30, 2005 & will close on July 08, 2005. 2007 - Yash Papers Ltd has appointed Mr. Basant Kumar Khaitan and Mr. Ramesh Narayan as Additional Director. - Yash Papers Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2007, has appointed Mr. K D Pudamjee as Additional Director. 2012 -Dr. Indroneel Banerjee has been appointed as Additional Director of the Company. 2014 - Yash Papers Ltd has entered into an agreement with the Belgian Government for sale of Carbon Credits generated / to be generated from the power plant during the year 2007 to 2012. 2020 -Company name has changed to Yash Pakka Ltd. from Yash Papers Ltd.. 2022 NCLT had approved Scheme of Merger by Absorption of Yash Compostables Limited ('the Transferor Company') by Yash Pakka Limited ('the Transferee Company' / 'the Company'). 2023 -Company name has changed to Pakka Ltd. from Yash Pakka Ltd.. |
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