Kay Power and Paper incorporates wholly owned subsidiary for paper business
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kay Power and Paper Ltd has incorporated a new wholly owned subsidiary called Kay Pulp and Paper Mills Private Limited on July 15, 2026. The subsidiary has authorized capital of Rs 15 lakh and paid-up capital of Rs 1 lakh divided into 10,000 equity shares at Rs 10 each. The new entity will focus on manufacturing packing paper and related paper products. It is yet to commence business operations and currently has nil turnover. Kay Power and Paper holds 100 percent of the subsidiary, which will be classified as a related party.
Minor restructuring move; subsidiary not yet operational, so near-term financial impact is limited. Signals intent to expand paper manufacturing capacity.