Corporate News     25-Oct-23
Board of Kuantum Papers approves redemption of preference shares
At meeting held on 25 October 2023
The Board of Kuantum Papers at its meeting held on 25 October 2023 has approved the following:

1. Redemption of unlisted 3,00,00,000 10% Non-Cumulative Redeemable Preference Shares of Rs. 10/- each fully paid-up aggregating to Rs. 30 crore, at par on 30 October 2023 i.e. before their scheduled redemption dates.

2. Interim dividend on the 10% unlisted Non-Cumulative Redeemable Preference Shares @ 10% per annum to be paid on pro rata basis for the period 1 April 2023 to 29th October 2023.

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