Dhanlaxmi Fabrics Ltd announces temporary closure of Dombivali factory

The management of Dhanlaxmi Fabrics Limited has decided to carry out major structural renovation for its 30 years old factory building and technological advancement and upgradation for its Plant and Equipments installed and located at its Dombivali Unit("Processing Unit") including installing BOD, COD online meter. However the Weaving Unit of the Company located at Kolhapur will remain in operations.

The management is planning to start the renovations, reformations and upgradation work from April 1st, 2023 after receiving necessary approvals from the local authorities and will close down the Dombivali factory unit for 6-8 months till the completion of renovation and upgradation work and process.

Shares of DHANLAXMI FABRICS LTD. was last trading in BSE at Rs. 41.42 as compared to the previous close of Rs. 39.40. The total number of shares traded during the day was 19587 in over 160 trades.

The stock hit an intraday high of Rs. 47.28 and intraday low of 36.45. The net turnover during the day was Rs. 835931.00.

Source : Equity Bulls

Keywords

DHANLAXMIFABRICS INE953D01016 Upgradation DombivaliUnit TemporaryClosure