Madhusudan Industries has sold its entire shareholding i.e. 12, 90,000 Equity Shares in Madhusudan Fiscal, (a non-listed subsidiary). Now, Madhusudan Industries does not hold any share in Madhusudan Fiscal. Madhusudan Fiscal is no more a subsidiary Company or a group Company of Madhusudan Industries.
Madhusudan Industries is engaged in manufacturing of vanaspati refined oils, de-oiled cakes, soaps, vitreous china sanitaryware and ceramic tiles. Products of the Company are marketed under the names of Cera sanitaryware, Cera tiles and Madhuram vanaspati.