Arrow Coated Products touches the roof on inking exclusive arrangement with TraceTag

26 Jun 2014

Arrow Coated Products is currently trading at its upper circuit level of Rs. 102.80, up by 4.85 points or 4.95% from its previous closing of Rs. 97.95 on the BSE.

The scrip opened at Rs. 102.00 and has touched a high and low of Rs. 102.80 and Rs. 101.90 respectively. So far 18523 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.45 on 12-May-2014 and a 52 week low of Rs. 8.79 on 02-Jul-2013.

Last one week high and low of the scrip stood at Rs. 102.80 and Rs. 77.60 respectively. The current market cap of the company is Rs. 120.69 crore.

The promoters holding in the company stood at 74.15% while Institutions and Non-Institutions held 0.18% and 25.67% respectively.

Arrow Coated Products (ACPL) has entered exclusive arrangement with UK-based TraceTag International (TTI) for the integration and use of TraceTag’s DNA taggants within security documents.

ACPL has granted patent rights in various countries, including India, and part of its security patent portfolio includes security films for the manufacturing of high security paper such as banknote, passport and non judicial stamp papers, or for brand protection applications. These patents are managed by the dedicated IP cell of ACPL.

TTI is a subsidiary of Tschudi Shipping Company AS (Norway), established in 1883, with activities primarily involving shipping and off-shore but also including investments in a wide range of activities.

Arrow Coated Products is pioneer in manufacturing Water Soluble Film by a unique method using detachable liners. The company’s RND department has many years experience in Coatings, Security Printing, and casting films since many years. It has a total of 30 Granted Patents in India, US, Europe, Eurasia, Africa, and Australia. It is also prosecuting several other patents in other countries.

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