Rajshree Polypack Limited has informed the Exchange about Agreements, , pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regula-tions, 2015, 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 manufacturing 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 Limited 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 facility will produce primary food packaging containers and related products, supporting the company's expansion and growth plans. The company expects the unit to boost business and improve operational efficiencies. Further updates on the Odisha unit's progress will be shared in due course. No related party interests are involved in this transaction.
This long-term lease signals a significant expansion move into a new geography, which could drive future revenue growth and add capacity for the packaging business. Positive for long-term growth, though near-term stock reaction may depend on the scale of investment and execution timeline.