Kanpur Plastipack Limited — Important, 11-03-2025: General Updates

The Board of Directors has approved the sale of plant and machinery from its CPP division located in Gajner Road, Fatehpur, due to the non-viability of manufacturing operations. The CPP division generated a turnover of ₹20.13 Cr, contributing 4.08% to total revenues, but recorded a negative net worth of ₹-6.33 Cr for the last financial year. The total consideration for the sale is set at ₹49.25 Cr, with the transaction expected to be completed by 30th October, contingent on shareholder approval. This decision indicates a strategic pivot in response to operational challenges, presenting an opportunity for the company to reallocate resources effectively. Shareholders should monitor the progress of this sale closely as it may impact overall financial health.