Uflex

Tonnes of documents, 120 hard disks and 50 diaries containing information related to bogus transactions have been recovered during the raids

Shares of Uflex India tumbled 15 per cent to Rs 366 on the BSE in Monday's intra-day trade

The officials found 20 bank accounts belonging to people from the economically weaker section of the society with transactions ranging from Rs 5-50 crore

The Income Tax Department on Tuesday conducted searches at multiple premises linked to packaging major Uflex as part of an alleged tax evasion investigation against the company, officials said. Around 60-70 premises, including the company offices and linked premises in Delhi, Noida (Uttar Pradesh), Jammu and Kashmir, Gujarat, West Bengal, Tamil Nadu, Karnataka, are being covered, they said. No immediate reaction from the company on PTI's queries was available. According to the company's information available on its e-portal, it is "India's largest flexible packaging materials and solutions company and a leading global polymer sciences corporation.

According to several media reports, the Income Tax department was conducting a raid at the office of Uflex in Noida, alleging that the company has issued several bogus bills

It is gearing up to make the six billion paper straws per annum needed by FMCG companies

In Q4FY21, Uflex's consolidated Ebitda jumped 87 per cent YoY to Rs 516.4 crore while margins improved to 20.1 per cent from 15.6 per cent in Q4FY20

Jindal Polyfilms has hit a new high, surging 10 per cent at Rs 941 on the BSE in the intra-day trade. The stock has zoomed 91 per cent in the past 10 trading days of the March

Midcaps are likely to continue their outperformance for the coming days

Due to the Covid-19 pandemic, flexible packaging has gained much more importance, the company said

Packaging materials and solution company Uflex Ltd on Tuesday reported over two-fold jump in its consolidated net profit at Rs 196.54 crore

UFlex is participating in the tender of various government requirements to supply the PPE Coveralls

Shares of Uflex rose as much as 6.8 per cent to Rs 297 apiece on BSE in the intra-day trade on Tuesday, after the company announced that FlexFilms has been granted US patent for film packaging.

With the patent period for flexible liquid packaging ending, Indian packaging major Uflex Limited has commissioned its first liquid packaging facility at Sanand for an investment of Rs 5.8 billion. With an annual production capacity of seven billion packs from Sanand, Uflex has begun talks with major soft drink, juice and other FMCG players for supply. Already, Delhi-based Bankey Bihari Foods' Fresca brand of juices have already begun using the holographic packaging from this month.Apparently, leading global packaging player Tetra Pak held the patent which expired recently, paving way for Uflex to foray into the same. "We already package powder, semi-liquid (viscous), solids, semi-solids but not liquids so far. With Sanand, we have ventured into flexible liquid packaging. We waited for patent period to get over and this was the right time to enter. However, we have also brought in innovation in form of Asepto Holographic Packaging," said Ashwani Kumar Sharma, President & CEO, New .

Shares of Uflex were trading at Rs 269.25 on BSE in morning trade, down 1.21%