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Incorporated in 1981, Yash Pakka Limited, is engaged in the business of specialty packaging products manufacturing and trading in specialty papers and Moulded (Tableware) products.
Pakka Ltd received BSE listing approval for 27.20 lakh equity shares issued to non-promoters on a preferential basis. This capital raise of Rs 29.92 Cr at Rs 110/share strengthens the company's capital structure.
Pakka Limited secured listing approval for 2.72 Cr new equity shares (FV Rs 10 each) issued on a preferential basis. These shares will soon commence trading.
Pakka Limited filed a civil suit to recover approx. Rs. 4.23 Cr from an erstwhile distributor for unpaid dues. This potential recovery could support liquidity. Related criminal proceedings against the distributor are currently stayed by the High Court.
Pakka received a warning from SEBI over disclosure lapses, advised to exercise due care to prevent recurrence or face further action. The company notes no immediate financial impact and is addressing the matter.
Pakka Limited's CFO, Mrs. Neetika Suryawanshi, has resigned for personal reasons. She will be relieved from duties by end of June. This marks a key management personnel change.