Kanpur Plastipack has received approval from Board of Directors for sale of Plant and Machinery of its CPP division situated at Kanpur Dehat, considering the non-viability of manufacturing operations.
The transaction is subject to the approval of the shareholders of the Company and expected to be completed by October 30, 2025 subject to satisfaction of the conditions in the agreement.
The Board of Directors of the Company, at its meeting held on March 11, 2025, has approved the same.
Kanpur Plastipack is an India-based company engaged in manufacturing of HDPE/PP Fabric, Sacks, flexible intermediate bulk containers (FIBC) Bags and Multi Filament Yarn (MFY).
