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| Exchange Disseminated Time | With reference to the news item appearing in a leading financial daily, Munjal Showa Ltd has informed BSE that it is true that company is a single source supplier to M/s Honda Siel Cars Ltd (HSCL) for Hi Tech Front Struts and Rear Struts. The value of total business is in the range of Rs 50 million per annum and not Rs 4000 million as mentioned in news item. The company has not received any Rs 4000 million order from Honda Siel
Further the company clarifies that it has purchase land at IMT Manesar for the future expansion in capacity but has not yet launched any expansion for its works for Rs 250 million at Manaser as mentioned in the news item. |
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