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Jindal Poly Films Limited ( (IN:JINDALPOLY) ) has issued an update.
Jindal Poly Films Limited announced that during its 51st Annual General Meeting, shareholders approved an increase in the company’s limits for loans, investments, guarantees, and securities from INR 12,000 crores to INR 15,000 crores. Additionally, an amendment to the Articles of Association was made, ensuring that certain company decisions require the prior written assent of the Promoters Group Entities if they hold 50% or more of the company’s equity share capital or voting rights. This move is expected to enhance the company’s financial flexibility and strengthen governance structures, potentially impacting its market position and stakeholder relations.
More about Jindal Poly Films Limited
Jindal Poly Films Limited operates in the manufacturing industry, focusing on the production of flexible packaging films. The company is a key player in the packaging sector, providing solutions for various industries including food, beverage, and consumer goods.
Average Trading Volume: 17,427
Technical Sentiment Signal: Sell
Current Market Cap: 24.37B INR
See more data about JINDALPOLY stock on TipRanks’ Stock Analysis page.