Sundaram Multi Pap Limited has informed the Exchange regarding a press release dated April 02, 2026, titled "Sundaram Multi Pap Limited Takes Positive Step Towards Sustainability with Installation of Solar Roof Panels".
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Sundaram Multi Pap Limited has completed installation of solar roof panels at its Palghar factory spanning 4 acres. The project was executed in partnership with Polaris Renewable Solutions Pvt. Ltd. The initiative aims to generate clean renewable energy, reduce dependence on non-renewable power sources, and cut carbon emissions. CEO Hardik Shah called it a step toward addressing climate change and building a sustainable future. The company expects reduced energy costs and better resilience against fluctuating electricity prices.
The announcement signals positive ESG (environmental, social, and governance) progress but has no direct impact on revenue or near-term earnings. It reflects operational cost-saving efforts through renewable energy adoption.