Amit Spinning Industries has decided to shutdown the manufacturing unit of the company situated at Kolhapur in state of Maharashtra on temporary basis. This step has been taken due to financial constraints.
The board of directors at their meeting held on May 27, 2015 has approved for the same. The management is trying its level best to find ways to resume manufacturing.
Further, an understanding has been reached between the management and the union of employees that the company shall pay only 50% wages / salary during May 20, 2015 to June 19, 2015, because of negligible or no-production duration.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: