Company Update

Shree Ajit Pulp and Paper Ltd has successfully secured approval for the forfeiture of 32,616 equity shares, each with a face value of Rs. 10. These shares were forfeited due to the failure of certain shareholders to pay their allotment and call monies.

This action helps the company to streamline its shareholding structure and remove non-compliant shareholders, which is a positive step in maintaining a clean and transparent capital base for investors.