Ludhiana-based Nahar Investments and Holdings Ltd has informed that the board of directors of the company at its meeting held on May 16, 2008 has approved the setting up of a manufacturing plant for manufacture of bi-axially oriented polypropylene film (BOPP Film) project.

The directors have also decided to change the company's name from 'Nahar Investments and Holding Ltd' to 'Nahar Poly Films Ltd' subject to the approval of the shareholders.

Nahar Investments and Holding Limited invests in shares and securities in India. The company was founded in 1988.