Campus Activewear has received approval from National Company Law Tribunal, New Delhi (NCLT) for merger of its wholly-owned subsidiary namely -- Campus AI with the company. The merger of its wholly owned subsidiary will have no impact on the revenue and EBIDTA of the consolidated entity. The merger order is effective from April 01 2020 being the appointed date and accordingly, the tax computations for FY2020-21 and FY2021-22 have been revised. Full impact of merger has been assessed and adjusted in revised FY2021-22 financials.
Campus Activewear manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops and Sandals in multiple colours and styles at affordable prices.
