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Texel Industries informs about company updates

28 Dec 2016 Evaluate

Texel Industries has informed that on December 27, 2016, the Company has received Order of Honorable BIFR, dated November 30, 2016, pronouncing that the Company ceases to be a Sick Industrial Company, within the meaning of Section 3(1)(o) of SICA, as the Company’s net worth has turned positive. Therefore, the Company is discharged from the purview of SICA/BIFR. The said order is pronounced in the matter of Company’s Miscellaneous Application No.250/2016, (BIFR Reg. No.433/2001) with BIFR.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Vardhman Textiles 526.00
Welspun Living 252.05
Arvind 500.55
Raymond Lifestyle 541.90
K.P.R. Mill 1154.75
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