Synopsis:
Pakka Limited’s ‘Jagriti Project’ received approval and recommendation for Rs. 224.47 crore in fiscal incentives under Uttar Pradesh’s Industrial Policy, subject to Cabinet approval, to be disbursed over 15 years post-commercial production.
Shares of a company in the specialty packaging products manufacturing and trading in specialty papers and moulded products surged nearly 10 percent on Wednesday, after the company secured approval for a nearly Rs. 224.47 crores fiscal incentive for its Jagriti Project by the Evaluation Committee of the Uttar Pradesh Government.
At 02:40 p.m., the shares of Pakka Limited were trading in the green at Rs. 171 on BSE, up by around 5 percent, as against its previous closing price of Rs. 162.8, with a market cap of Rs. 769 crores. The stock has delivered negative returns of over 50 percent in the last one year, and has gained by around 6 percent in the last one month.
What’s the News
As per the latest exchange filings, Pakka Limited has received approval and recommendation from the Evaluation Committee of the Uttar Pradesh Government for fiscal incentives related to its ‘Jagriti Project’ under the Uttar Pradesh Industrial Investment and Employment Promotion Policy, 2022. The company had applied for various fiscal incentives on 23rd July 2025, totalling Rs. 224.47 crore, for investments made and planned under the project.
The Evaluation Committee of the Invest UP has reviewed, approved and recommended the same to the Uttar Pradesh Government for issuance of a Letter of Comfort (LOC) for investment made/to be made in our ‘Jagriti Project’. The fiscal incentives are subject to final approval by the Hon’ble Cabinet of the UP Government and are expected to be disbursed over a 15-year period from the commencement of commercial production.
Financials & more
Pakka reported a decline in its revenue from operations, showing a year-on-year decrease of around 15 percent, falling from Rs. 97 crores in Q1 FY25 to Rs. 82 crores in Q1 FY26. The company’s profitability also weakened, with a net profit of Rs. 8.6 crore turning into a net loss of Rs. 1.5 crores, over the same period. Pakka Limited, formerly known as Yash Pakka Limited, is mainly engaged in the business of manufacture and dealing in paper and moulded products.
The company’s 2030 vision is to achieve an annual production of 5 lakh tons, aiming to create a global impact. Current production stands at ~50,000 tons, which is expected to increase to 1 lakh tons with ongoing expansion.
The planned Guatemala facility will raise output to 2.5 lakh tons, with an additional 2.5 lakh tons targeted through additional growth initiatives. At an average cost of $2,000 per ton, this expansion could translate into annual revenues of around $1 billion, compared to the current revenue of around $50 million, representing a 20x increase.
Written by Shivani Singh
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