Kay Power and Paper Ltd has expanded its operations by incorporating a wholly owned subsidiary, Kay Pulp and Paper Mills Private Limited, on July 15, 2026. The subsidiary will focus on the manufacturing of packing paper and related products, aligning with the parent company's core business activities. This strategic move aims to enhance production capabilities and broaden the product portfolio in the paper manufacturing sector.

The newly formed entity, Kay Pulp and Paper Mills Private Limited, has an authorized capital of Rs. 15,00,000. As the subsidiary has yet to commence business operations, its current turnover is nil. The incorporation was conducted in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Key Details of the Subsidiary

The object of the subsidiary is to carry on the business of manufacturing, processing, and trading various types of paper, including kraft paper, tissue paper, and packaging materials. It will also deal in raw materials, chemicals, and machinery required for paper production. The subsidiary is classified as a related party transaction, with the entire beneficial holding resting with Kay Power and Paper Ltd.

No specific governmental or regulatory approvals were required for this incorporation, and the contribution to the initial share capital was made at face value, Rs. 10 per share. The company submitted the intimation to the stock exchange on July 16, 2026, confirming the completion of the incorporation process.

Kay Power and Paper Ltd announced that Mr. Niraj Chandra has resigned from his position as Managing Director and Director, effective June 1, 2026. The resignation, submitted to the Board of Directors, was driven by pre-occupation and an inability to devote sufficient time to the affairs of the company. This development was disclosed to the stock exchange pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Niraj Chandra (DIN: 00452637) formally tendered his resignation on June 1, 2026, requesting relief from all duties and responsibilities held within the company. In his communication, he confirmed that there were no other material reasons for his departure beyond those stated. He further requested the Board to accept his resignation and initiate the necessary steps to file requisite forms and intimations with statutory and regulatory authorities, including the Registrar of Companies.

The company, through its Company Secretary and Compliance Officer Sagar Mohite, confirmed that the details of the resignation have been submitted to BSE Limited. The disclosure included specific regulatory references such as SEBI Circular No. CIR/CFD/CMD/4/2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120. The intimation was filed under the company's scrip code 530255 and scrip ID KAYPOWR.

Details of Resignation

The following table outlines the key particulars regarding the change in directorship as provided in the regulatory filing:

The resignation marks a significant change in the leadership structure of Kay Power & Paper . The company has assured that all procedural requirements for updating statutory records will be completed promptly.