Emami Paper Mills redeems 2,70,000 preference shares with Rs 500 premium | Business Upturn

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Emami Paper Mills has redeemed 2,70,000 Series II – Tranche III Optionally Convertible Redeemable Preference Shares (OCRPS) on 27th March 2026. These shares, each with a face value of ₹100, were redeemed with an additional redemption premium of ₹500 per share. The redemption was executed in accordance with the terms of the issue and was funded from the company’s available profits and reserves. The OCRPS, identified by ISIN INE830C04038, were unlisted and held by the OCRPS holders. This financial move follows the resolution passed by the company’s Board of Directors, as communicated earlier in February 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Emami Paper Mills Mumbai Sumit Jaiswal