Yash Papers trades in fine fettle on BSE

19 Nov 2014 Evaluate

Yash Papers is currently trading at Rs. 9.38, up by 0.13 points or 1.41% from its previous closing of Rs. 9.25 on the BSE.

The scrip opened at Rs. 9.60 and has touched a high and low of Rs. 9.65 and Rs. 9.00 respectively. So far 12302 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 12.90 on 23-Sep-2014 and a 52 week low of Rs. 3.95 on 19-Mar-2014.

Last one week high and low of the scrip stood at Rs. 10.45 and Rs. 8.77 respectively. The current market cap of the company is Rs. 25.98 crore.

The promoters holding in the company stood at 30.10 % while Institutions and Non-Institutions held 0.77 % and 69.14 % respectively.

Yash Papers has received a reference letter from Belgian Government whereby the latter has terminated the Emission Reduction Purchase Agreement (ERPA) on the pretext that the carbon credits have not been delivered to them. The company is however not in agreement with the same and shall be disputing the matter.

The company had earlier entered into an ERPA with the Belgian Government for sale of Carbon Credits generated / to be generated from the power plant during the year 2007 to 2012. A sum of Rs 15.47 crore has been disclosed under the head other current assets, being income recognized from generation of CER’s for the period from April, 2007 to December, 2012 based on the Emission Reduction Purchase Agreement (ERPA) with Belgian State for sale of CERs (Certified Emission Reductions) from the 6 MW Cogeneration Power Plant Project registered as CDM (Clean Development Mechanism) with UNFCCC (The United Nations Framework Convention on Climate Change)

Yash Papers (located in Faizabad, India) is synonymous with machine-glazed varieties of paper. Their brand revolves around the manufacture of the best wrapping grades of papers in India. The Company manufactures wrapping tissues in both brown and white varieties.

Pakka Share Price

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Company Name CMP
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