Ambika Cotton Mills has informed that Business Standard dated 22.08.2022 (copy enclosed), first page, carries a news item under the Caption that 'Cotton mills planning to stop production', on account of low demand for yarn and high price and shortage of cotton, consequently resorting to production cut down by 40% to 50%. The Company has engaged in manufacturing cotton yarn and the Company deem it fit to bring to the notice of all the stakeholders that it continues to operate as before and are not impacted on account of those factors, cited above, as of now.
The above information is a part of company’s filings submitted to BSE.
