Company Information
Mysore Paper Mills
Limited Unlisted Shares
Board
of Directors:
Chairman |
: Sri. Dr. Ramana Reddy |
Chief Operating Officer |
: Sri. B. P. Ravindranath |
Chief Finance Officer |
: Sri. Balachandra Guttal |
Company Secretary |
: Sri. Mohan D Kulkarni |
Background
The
Mysore Paper Mills Limited, (MPM) founded by Sri.Krishnaraja Wodeyar Bahadur in
1937 the Maharaja of erstwhile Mysore State was incorporated on 20th May 1936.
While Government of Karnataka holds 65% of the shareholding of the Company,
IDBI and other Financial Institutions hold 18% of the shares and shareholding
by the General Public is 17%. The company is managed by eminent Board of
Directors consisting of IAS, IFS and other professionals.
Company
Highlights
a) The company has a huge area of land. Around 800 acres of freehold land and 20,000 ha of forest lease land.
b) The Government of Karnataka (GoK) has renewed and extended their forest land lease for another 40 years.
c) The GoK has also decided to lease out its mill operations to a third party through which it will generate rental income.
d) The company has
settled a significant percentage of its debt through a One Time Settlement as
of the nine months ended December 2021. As a result, their finance costs will
be reduced in the future.
Registered Office:
16/4, Ali Asker Road, Bengaluru - 560 052
INCORPORATION YEAR |
: 1936 |
WEBSITE |
: https://mpm.karnataka.gov.in/english |
|
|
: cs@mpm.co.in |
CIN NO |
: L99999KA1936SGC000173 |
ISIN NO. |
: INE924F01012 |
SECTOR |
: Paper |
FACE VALUE |
: 10 |
PROMOTER HOLDING |
: 64.74% |
