Rajshree Polypack Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 16, 2025.
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The Executive Committee of Rajshree Polypack Limited approved an amendment to the Fifth Amendment of the Term Sheet with Olive Ecopak Private Limited (OEPL) and Mr. Rajesh Gandhi. The amendment increases the unsecured loan limit to OEPL by an additional Rs. 8 crores, to be contributed by the JV partners in a 50.10:49.90 ratio (the company's share being the larger portion at 50.10%). This is a continuation of the original JV agreement dated April 19, 2022. The meeting was held on July 16, 2025, from 2:05 pm to 2:43 pm.
Rajshree Polypack is deepening its financial commitment to its joint venture by injecting an additional ~Rs. 4 crore into OEPL as an unsecured loan. While this signals continued confidence in the JV, it also increases the company's exposure to OEPL's performance without any collateral backing.