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| Exchange Disseminated Time | Kesar Enterprises Ltd has informed BSE that due to unilateral directions by the Uttar Pradesh Government Authorities to the Sugar Mills for commencing the crushing operation without announcing / fixing a viable and affordable State Advised Price (SAP) as sugarcane price for Sugar Season 2013-14 and to avoid incurring operating losses as also to prevent facing consequential financial difficulties, the Company is unable to commence crushing operations during the Sugar Season
2013-14 at the Sugar Mill of the Company at Baheri, UP.
The Company has vide its letter dated November 19, 2013 written to the concerned Authorities of the UP Government for suspension of operations of the Sugar Mill of the Company during the Sugar Season 2013-14, till a viable and affordable sugarcane price in accordance with the recommendations of the Rangarajan Committee Report is announced by the UP Government. |
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