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| Exchange Received Time 09/05/2018 18:27:58 Exchange Disseminated Time 09/05/2018 18:28:01 Time Taken 00:00:03 | Dear Sir,
The manufacturing at Company's factory at Solapur has been temporarily suspended due to steep increase in input costs, obsolete plant and machinery, adverse market conditions and acute shortage of labours. Also the implementation of GST has impacted the Company's sales. The management is contemplating on the further course of action in this regard.
However, till the management arrives at a decision, the manufacturing at the Company's factory has been suspended temporarily and production is being carried out by outsourcing it through job work.
Thanking You,
Yours faithfully,
For THE JAMSHRI RANJITSINGHJI SPG &
WVG MILLS CO LTD.
Sd/-
(RAJESH DAMANI)
JOINT MANAGING DIRECTOR
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