Mohit Industries has divested 51% stake in Maxum Metals which is engaged in business of trading of locks, padlocks, keys and other hardware (an Indian Subsidiary of the Company). Accordingly Maxum Metals has ceased to be the subsidiary of company. The consideration received from sale of equity shares is Rs 51,000.
Mohit Industries is one of the top notch manufacturers of fabrics & texturised yarn in the nation. The company also in the business segment of Textile Division, AAC Block Division.