Jauss Polymers’ Board has proposed to sell the company's Baddi Unit (along with all machines thereof) to Innovative Tech Pack, as a going concern by way of slump sale, at a consideration of Rs 370 lakh which is as around at book value.
The Board has taken this decision, as the company's operations at its manufacturing unit located at HPSIDC Industrial Area, Davni, Baddi, Solan, Himachal Pradesh, have suffered continuous losses for the past 3 quarters and shall continue to suffer further losses. Besides, the board of directors of the company is of the view that there is absolutely no chance of revival of company's operations due to the reason that its major customer which contributed to 90% of its total sales have stopped giving orders to the company.
Further, the machines in the company's Baddi Unit are mostly lying idle as not being utilized.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3678.75 |
| Astral | 1567.15 |
| Finolex Inds | 172.35 |
| Nilkamal | 1305.00 |
| Jain Irrigation Sys | 31.41 |
| 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: