Shree Ajit Pulp & Paper Limited, a prominent player in the Indian paper industry, has announced a temporary shutdown of its Unit-1 plant for regulatory compliance. The company made this disclosure in line with SEBI's Listing Obligations and Disclosure Requirements.

Shutdown Details

The plant closure is scheduled from August 16 to August 25, 2025, spanning a total of 10 days. This temporary halt in operations is necessitated by requirements set forth by the Factory & Boiler Department, specifically related to the boiler in Unit-1.

Regulatory Compliance

In an official communication to the Bombay Stock Exchange, Shree Ajit Pulp & Paper Limited stated that the shutdown is in accordance with the directives of the Factory & Boiler Department. This move underscores the company's commitment to maintaining regulatory compliance and ensuring the safe operation of its facilities.

Company's Statement

Chinmay Methiwala, Company Secretary and Compliance Officer of Shree Ajit Pulp & Paper Limited, signed the official intimation, which reads in part: "We wish to inform you that the plant of the Company is being shut down from today i.e. 16th August, 2025 till 25th August, 2025, as per the requirement of Factory & Boiler Department - (Boiler) of the plant (Unit-1)."

Impact and Outlook

While the company has not provided specific details on the potential impact of this shutdown on production or financials, such planned maintenance activities are generally viewed as necessary measures to ensure long-term operational efficiency and safety compliance.

Investors and stakeholders will likely keep a close watch on any further updates from the company regarding the resumption of operations post the maintenance period and any potential effects on the company's performance for the relevant quarter.

Shree Ajit Pulp & Paper Limited continues to demonstrate its adherence to regulatory standards, reinforcing its position as a responsible corporate entity in the pulp and paper sector.

Shree Ajit Pulp & Paper Limited, a Gujarat-based paper manufacturing company, has received approval from the Bombay Stock Exchange (BSE) for the forfeiture of 32,616 equity shares. The company made this announcement on July 28, 2025, marking a significant corporate action for the firm.

Forfeiture Details

The forfeiture application, initially submitted on February 25, 2025, was approved by the BSE on July 28, 2025, with the notice number 20250728-16. The forfeited shares, each with a face value of Rs. 10.00, were partly paid-up and forfeited due to non-payment of allotment or call monies. The distinctive numbers of the forfeited shares range from 3538518 to 3571133.

Regulatory Compliance

In compliance with regulatory requirements, Shree Ajit Pulp & Paper Limited promptly informed the BSE about the approval and requested the exchange to take the information on record. This action aligns with the company's commitment to transparency and adherence to listing obligations.

Company Communication

Chinmay Mayank Methiwala, the Company Secretary and Compliance Officer of Shree Ajit Pulp & Paper Limited, signed the official communication to the BSE. The company's swift action in informing the stock exchange demonstrates its commitment to keeping shareholders and the market informed about significant corporate developments.

Impact on Share Structure

The forfeiture of these 32,616 equity shares may have implications for the company's share capital structure. Shareholders and potential investors should take note of this change when evaluating their investment decisions related to Shree Ajit Pulp & Paper Limited.

Additional Corporate Actions

In a separate but related development, the company also published newspaper advertisements on July 25, 2025, in The Indian Express (English) and Sandesh (Gujarati). These advertisements were in compliance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time.

Investors and market participants are advised to consider this information as part of their overall assessment of Shree Ajit Pulp & Paper Limited's corporate actions and compliance practices.