IMEC Services hits rock bottom as its arm declared as wilful defaulter by SBI

14 Jan 2021 Evaluate

IMEC Services is currently trading at its lower circuit limit of Rs. 1.61, down by 0.03 points or 1.83% from its previous closing of Rs. 1.64 on the BSE.

The scrip opened at Rs. 1.61 and has touched a high and low of Rs. 1.61 and Rs. 1.61 respectively. So far 306 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 2.89 on 06-Jul-2020 and a 52 week low of Rs. 0.81 on 10-Dec-2020.

Last one week high and low of the scrip stood at Rs. 1.76 and Rs. 1.61 respectively. The current market cap of the company is Rs. 8.05 crore.

The promoters holding in the company stood at 30.17%, while Institutions and Non-Institutions held 0.16% and 69.67% respectively.

IMEC Services’ material subsidiary -- RSAL Steel has been declared as a wilful defaulter by State Bank of lndia (SBI). Further, the company being the corporate guarantor of RSPL has also been declared as a wilful defaulter by SBI. The company and RSPL are in consultation with their legal counsels, to challenge the decision by taking appropriate legal action that may be required in this regard.

A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it.

IMEC Services (Formerly known as Ruchi Strips and Alloys) main business activity is management and consultancy services inter alia - information technology, engineering and technical.

IMEC Services Share Price

6.65 0.00 (0.00%)
15-Apr-2024 15:30 View Price Chart
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