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.
