Nandan Denim receives sanction of Subsidy under Gujarat State Textile Policy, 2012

Nandan Denim Ltd. | Textile | Textiles & Apparels | BSE: 532641 | NSE: NDL

05 Sep 2018 Evaluate

Nandan Denim has received sanction of various incentives (Interest, Power, VAT / GST) under Gujarat State Textile Policy, 2012. The Company expects to save Rs 65 crore on account of Interest and Power Subsidy over a period of five years starting from December 2016. Further, company is entitled for GST / VAT refund of upto Rs. 340 crore for a period of eight years starting from December 2016.

Nandan Denim is an India-based denim manufacturer. The company's products include shirting fabrics, engineered khakis and denim home.

Peers

Company Name	CMP
Vardhman Textiles	551.25
Welspun Living	222.25
Arvind	535.40
Raymond Lifestyle	652.85
K.P.R. Mill	1120.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.