Kandagiri Spinning Mills Ltd 2019 AR2
The report outlines the financial and operational performance of Kandagiri Spinning Mills Limited for the fiscal year 2018-2019. Facing adverse market conditions, including high cotton prices and low yarn prices, the company incurred a net loss of Rs. 1,859 lakhs. To address cash flow constraints and reduce bank debt, the company initiated plans to sell its Unit-II assets and parts of Unit-I. The report also details the company's corporate governance practices, EHS initiatives, and compliance with statutory requirements.
Company: Kandagiri Spinning Mills Ltd
Sector: Manufacturing
Country: India
Year: 2019
Type: AR2
Pages: 136
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Kandagiri Spinning Mills Ltd
Annual Report
The report outlines the financial and operational performance of Kandagiri Spinning Mills Limited for the fiscal year 2018-2019. Facing adverse market conditions, including high cotton prices and low yarn prices, the company incurred a net loss of Rs. 1,859 lakhs. To address cash flow constraints and reduce bank debt, the company initiated plans to sell its Unit-II assets and parts of Unit-I. The report also details the company's corporate governance practices, EHS initiatives, and compliance with statutory requirements.
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Document Details
Report Year
2019
Reporting Period
Apr 1, 2018 - Mar 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Employees