Mold Tek Packaging : Communication to shareholders as per Reg 30
October 09, 2022 at 11:52 pm EDT
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Date: 10th October, 2022
The Secretary,
The Manager, Listing Department,
Listing Department,
National Stock Exchange of India
BSE Ltd.,
Limited,
Phiroze Jeejeebhoy Towers,
Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Fort, Mumbai-400001.
G Block, Bandra Kurla Complex,
Scrip Code: 533080
Bandra (E), Mumbai-400051.
Symbol: MOLDTKPAC - EQ
Sir/Madam,
Sub: Disclosure under Regulation 30 read with Para B of Part A of Schedule III of the SEBI (LODR), Regulations, 2015 (the 'Regulations') - Receipt of "Letter of Award" ('LOA') from Grasim Industries Limited- Birla Paints Division.
With reference to the captioned subject, we are glad to inform you that the Company has received a "Letter of Award" ('LOA') from Grasim Industries Limited- Birla Paints Division, for supply of Packing Material (PAILS) and accordingly, a co-located facility will be set-up by the Company at Panipat to cater to their demands.
The new facility is expected to be set up and operational by the end of calendar year 2023 and shall call for an investment of ₹ 30 crores approximately.
The Company also propose to set up Food and FMCG IML container manufacturing facilities in Panipat to capture demand for these products in Northern India.
This for your information.
Thanking you,
Yours faithfully,
For Mold-Tek Packaging Limited
SUBHOJEET BHATTACHARJEE
Digitally signed by SUBHOJEET BHATTACHARJEE
Date: 2022.10.10 08:19:02 +05'30'
Subhojeet Bhattacharjee
Company Secretary & Compliance Officer
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Mold-Tek Packaging Ltd. published this content on 10 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2022 03:51:00 UTC.
Mold-Tek Packaging Limited is an India-based holding company. The Company is engaged in the manufacturing of injection molded containers for lubes, paints, food, and other products. It operates through the packaging containers segment. The Companyâs products include paint packaging, lubricant packs, food containers, bulk packaging, and dispenser pumps & sanitizer containers. It also offers in-mould labelling (IML) decoration and also has a heat transfer label (HTL) as well as silk screen printing. The Company offers lube containers with tamperproof flexi spouts for easy pouring and usage. It also provides bulk containers for bulk drugs, chemicals, and food. Its products also include paint pails, lubricants, twist lock packs, peanut butter packs, restaurant packs and ice cream packs. The Company is also engaged in importing and supplying pumps for various sanitizers, hand wash, soap manufacturing companies, and others. Its wholly owned subsidiary is Mold-Tek Packaging FZE, UAE.