News item in Business Standard with regard to general functioning of Cotton Spinning Mills – Furnishing of Information of Functioning of the Company without any Impact
We draw your attention that Business Standard dt. 22.08.2022, first page, carries a news item under the Caption that ‘Cotton mills planning to stop production’, on account of low demand for yarn and high price and shortage of cotton, consequently resorting to production cut down by 40% to 50% . We are engaged in manufacturing cotton yarn and we deem it fit to bring to the notice of all the stakeholders that we continue to operate as before and are not impacted on account of those factors, cited above, as of now. We request you to take this on Record.
NSE : https://www.nseindia.com/get-quotes/equity?symbol=AMBIKCO#info-corporate (See under Announcements 23-Aug-2022 11:37 am)