Omax Autos To Relocate Operations Of Manesar Plant
Omax Autos Limited has informed that the board of directors of the company at its meeting approved the reorganisation/relocation of the operations at Manesar Plant situated at Plot No. 6, Sector - 3, Manesar, Gurgaon, Haryana - 122050, which would inter alia involve the partial closure of Manesar Plant. Subject to necessary regulatory approvals and compliances, the aforesaid plan is expected to be completed within 3 months. The other information is annexed below:
| SI. No. | Particulars | Details |
| a) | Date of such binding agreement, if any, entered for sale of such unit/division if any; | N.A. |
| b) | 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; | Turnover (2016-17): Rs. 216 cr.(21% of Total Turnover) Net Worth: Rs. 44 cr. |
| c) | Date of closure or estimated time of closure; | The reorganisation/relocation involving partial closure is expected to be completed within 3 to 6 months |
| d) | Reasons for closure. | Reorganisation/relocation involving partialclosure, to improve efficiencies. |
