Everest Kanto Winds Up Business Operations Of EKC Industries (Thailand)
Everest Kanto Cylinder Limited is Winding up business operations of EKC Industries (Thailand) Co. Limited. Detailed information is annexed below:
1. Reasons for closure - Low generation of Business Opportunities.
2. Date of closure or estimated time of closure - Depends on the approval from requisite Regulatory Authorities for winding up. Time line for the approvals cannot be defined. Estimated time would be a span of six months from the date of applications.
3. Amount & percentage of turnover or revenue or income and net worth of the listed entity contributed by such unit or division during the last financial year -
Data of EKC Industries (Thailand) Co. Ltd. as on March 31, 2018:
|Particulars||(Rs. In Lakhs)|
|Other Income (b)||23.16|
|Total Revenue (a+b)||23.16|
|Percentage of Turnover to Consolidated Revenue||0.04%|
4. Date of such binding agreement, if any, entered for sale of such unit/division, if any - Being voluntary winding up of business operations, there is no sale agreement entered into with any other party.