Sangeetha S holds 2% stake: Small-cap stock jumps 9.92% after applying for various fiscal incentives of Rs 224.47 crore for its Jagriti Project
DSIJ Intelligence-1Categories: Mindshare, Trending
The company has a market cap of over Rs 700 crore and an ace investor-Sangeeta S, owns a 2 per cent stake in the company.
Pakka Ltd. has received a significant boost for its Jagriti Project, as the Evaluation Committee of the Uttar Pradesh government has approved and recommended a fiscal incentive package worth Rs 224.47 crore. This recommendation falls under the Uttar Pradesh Industrial Investment and Employment Promotion Policy, 2022. The company, which had applied for these incentives on July 23, 2025, is now one step closer to securing crucial financial support for its investment in the project. This positive development highlights the state government's commitment to promoting industrial growth and employment, aligning with the objectives of its policy.
The fiscal incentive, which will be provided over a period of 15 years starting from the date of commercial production, is a testament to the scale and economic impact of the Jagriti Project. While this is a major milestone, the final grant of the Letter of Comfort (LOC) is contingent upon approval from the Hon'ble Cabinet of the Uttar Pradesh Government. This move is expected to significantly de-risk the project's financial outlay and pave the way for its successful completion and operation, contributing to the state's industrial landscape.
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Pakka, originally founded as Yash Papers in 1981, is an eco-friendly packaging company dedicated to providing regenerative solutions for the food packaging industry. Driven by its core values of trust, excellence, courage, and diversity, the company has expanded its reach to over 45 countries with the help of more than 40 distribution partners. Pakka is committed to sustainability, operating a power plant fuelled by rice husk and recovering 95 per cent of its cooking chemicals.
On Wednesday, shares of Pakka Ltd jumped 9.92 per cent to Rs 178.95 per share from its previous closing of Rs 162.80 per share with a spurt in volume by more than 6 times on the BSE. The company has a market cap of over Rs 700 crore and an ace investor-Sangeeta S, owns a 2 per cent stake in the company. The stock is up by 23.5 per cent from its 52-week low of Rs 144.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.