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| Exchange Disseminated Time 13/08/2015 18:55:25 | The Exchange had sought clarification from Maxwell Industries Ltd with respect to news appearing in Business Line on August 12, 2015 titled "Maxwell Industries to entre e-commerce in October"
Maxwell Industries Ltd replied stating "We refer to your email dated 12th August, 2015 regarding clarification on "Maxwell Industries to enter into e-commerce in October". We would like to state that, Company is already carrying and doing the business on line with established e-commerce business entity for selling the Company undergarment. As online business is growing and in order to grow further in on line business, the Company has been receiving the various proposal and model for selling the Companies product online through there site but the order will be linked to Company's portal.
We would like to state that, Company is also using e-commerce as one of the channel to sell its products which is growing very fast in India and redesigning of Company's portal which is need of an hour today to do business with most of the e-commerce portal such which will Flipkart, amazon etc."
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