Addi Industries has informed that the business operations of the company have been curtailed to a large extent due to low order book, incurring losses on the existing orders and negligible margin on fresh orders. The board considered this matter in the board meeting held on May 26, 2012 and has decided that the fresh order would be accepted only with reasonable profit margins. In view of this, the turnover and receipts for the current quarter would be very negligible.
The above information is part of company’s filing submitted to the BSE.
