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Amit Spinning Industries informs about company updates

03 Apr 2017 Evaluate

Amit Spinning Industries has informed that due to financial constraints, non-availability of working capital and non-receipt orders, the Board of Directors have approved to move an application to the Secretary, Industries, Energy and Labour Department, Government of Maharashtra for seeking permission for closure of Yarn Manufacturing Unit situated at Kolhapur in Maharasthra, so as to control the operational and other expenses.

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

Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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