Rajshree Polypack Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Execution of Lease Agreement with Odisha Industrial Infrastructure Development Corporation (IDCO)', we wish to inform you that we have entered into a Lease agreement with Odisha Industrial Infrastructure Development Corporation (IDCO) for 90 years to set up new manufacturing unit in Odisha for manufactur-ing of primary food packaging containers and other related products.
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.9 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajshree Polypack has signed a 90-year lease agreement with Odisha Industrial Infrastructure Development Corporation (IDCO) to set up a new manufacturing unit in Odisha. The new unit will produce primary food packaging containers and related products, supporting the company's expansion and growth plans. The company expects this move to boost business and improve operational efficiencies. This follows a prior communication dated February 15, 2024 regarding the same project. No related party interest or promoter involvement in IDCO was disclosed.
This signals a long-term capacity expansion move for shareholders, potentially leading to higher future revenue once the Odisha unit becomes operational. In the near term, the stock may see mild positive sentiment as it reflects growth intent, though actual financial impact depends on project execution and capex size, which has not been disclosed.