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:
|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.|