New Risk • May 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2024 fiscal period end). Market cap is less than US$10m (₹359.7m market cap, or US$3.75m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Devesh Dadheech was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Devesh Dadheech was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Oct 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (₹345.2m market cap, or US$3.89m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹4.8b). Revenue has declined by 84% over the past year. Market cap is less than US$10m (₹205.6m market cap, or US$2.40m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (₹328m revenue, or US$3.8m). New Risk • Apr 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹4.8b). Revenue has declined by 84% over the past year. Market cap is less than US$10m (₹209.3m market cap, or US$2.46m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (₹328m revenue, or US$3.9m). 공시 • Feb 07
Three Firms Line Up to Buy Morarjee Textiles Morarjee Textiles Limited (BSE:532621) has received three bids to take over the company in a court monitored bankruptcy process, people familiar with the details said. Morarjee owes creditors, led by Indian Bank, INR 7.60 billion. Last month, resolution professional Ravi Sethia received bids from Mumbai-based realtor Dev Land and Housing, Nagpur-based Nirmal Ujjwal Credit Co-operative Society, and Wardha-based Shriniwas Spintex Industries. “The bids are between INR 1 billion and INR 1.70 billion. Nirmal Ujjwal, which also runs a textile plant, is the highest bidder with a bid of close to INR 1.70 billion, excluding the process costs. Roughly INR 1.70 billion is for secured creditors,” said one of the persons cited above. At INR 1.70 billion, the recovery works out to 22%. Sethia, all three bidders and process advisor to the committee of creditors, BoB Capital Markets, did not reply to separate emails seeking comment. “The bids are still being evaluated. Bankers also want to make sure that section 29A of the IBC is not violated, which is taking some time,” said a second person aware of the details. Section 29A of the Insolvency and Bankruptcy Code debars insolvent persons, convicted people and wilful defaulters from submitting a resolution plan. New Risk • Nov 19
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹328m (US$3.9m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹4.8b). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (₹341.5m market cap, or US$4.05m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (₹328m revenue, or US$3.9m). New Risk • Nov 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹3.4b). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (₹374.2m market cap, or US$4.45m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • Oct 31
Full year 2024 earnings released: ₹55.40 loss per share (vs ₹50.99 loss in FY 2023) Full year 2024 results: ₹55.40 loss per share (further deteriorated from ₹50.99 loss in FY 2023). Net loss: ₹2.01b (loss widened 8.6% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. 공시 • Oct 25
Morarjee Textiles Limited to Report Q4, 2024 Results on Oct 29, 2024 Morarjee Textiles Limited announced that they will report Q4, 2024 results on Oct 29, 2024 New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-₹3.4b). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (₹553.0m market cap, or US$6.59m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹3.4b). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (₹648.5m market cap, or US$7.79m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Board Change • May 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Devesh Dadheech was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • May 10
Morarjee Textiles Limited Announces Resignation of Alpana Chinai as Non-Executive Independent Director Morarjee Textiles Limited announced that inform that Ms. Alpana Chinai, vide her e-mail dated 2nd April, 2024 has intimated about her resignation as Non-Executive Independent Director of the Company with immediate effect to one of the Director of the Company. Since the Company is under Insolvency and Resolution Proceedings so acceptance of resignation is required to be considered in COC meeting and the agenda for "Consideration of resignation received from Mrs. Alpana Piramal Chinai, a Director on the suspended Board of the Corporate Debtor" was paced for approval in 2nd CoC meeting held on 2nd April, 2024, since adjourned to 15th April 2024. The same was approved by CoCthrough e-voting which was concluded on 29th April 2024 at 05:00 pm. 공시 • Mar 07
National Asset Reconstruction Company Limited Offers to Buy Debt of 3 More Bankrupt Companies National Asset Reconstruction Company Limited (NARCL) has offered lenders base bids for the bad loan accounts of Hitodi Infra (Hitodi Infrastructure Ltd), Sion Panvel Tollways (Sion Panvel Tollways Private Limited) and Morarjee Textile (Morarjee Textiles Limited) with total consolidated debt of more than INR 40 billion. Based on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, including Bank of Baroda Limited (NSEI:BANKBARODA), ICICI Bank Limited (NSEI:ICICIBANK), Axis Bank Limited (BSE:532215), Bank of India Limited (NSEI:BANKINDIA), IDBI Bank Limited (NSEI:IDBI) and State Bank of India (NSEI:SBIN), have appointed BoB Capital (BOB Capital Markets Limited) as the process advisor. NARCL has offered INR 4.65 billion for the outstanding loans of INR 21.01 billion. The lenders have asked bidders to either bid in all cash or on a cash-and-security receipt basis. NARCL buys debt under a 15:85 structure where 15% is paid in cash and 85% in security receipts. The minimum markup will be 5% of the anchor bid. The Swiss auction will be held on March 26. Security receipts are instruments issued by asset reconstruction companies for purchase of stressed debt and show the interest in the underlying assets. New Risk • Feb 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹817.1m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-₹3.4b). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (₹817.1m market cap, or US$9.85m). Reported Earnings • Feb 17
Third quarter 2024 earnings released: ₹8.44 loss per share (vs ₹10.63 loss in 3Q 2023) Third quarter 2024 results: ₹8.44 loss per share (improved from ₹10.63 loss in 3Q 2023). Revenue: ₹90.7m (down 85% from 3Q 2023). Net loss: ₹306.6m (loss narrowed 21% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. 공시 • Jan 30
Morarjee Textiles Limited to Report Q3, 2024 Results on Feb 14, 2024 Morarjee Textiles Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: ₹7.75 loss per share (vs ₹10.62 loss in 2Q 2023) Second quarter 2024 results: ₹7.75 loss per share (improved from ₹10.62 loss in 2Q 2023). Revenue: ₹2.40m (down 100% from 2Q 2023). Net loss: ₹281.4m (loss narrowed 27% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. 공시 • Nov 04
Morarjee Textiles Limited to Report Q2, 2024 Results on Nov 10, 2023 Morarjee Textiles Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 10, 2023 New Risk • Oct 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10.0% average weekly change). Negative equity (-₹2.8b). Earnings have declined by 50% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (₹15m sold). Market cap is less than US$100m (₹868.7m market cap, or US$10.4m). Board Change • Oct 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Devesh Dadheech was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Oct 13
Morarjee Textiles Limited Announces Resignation of Urvi A. Piramal as Chairperson of the Board and Non-Executive Non-Independent Director and Ceases to Be A Member in Other Committees Wherever She Is Chairperson/ Member Morarjee Textiles Limited informed that Ms. Urvi A. Piramal (DIN: 00044954), vide her letter dated October 11, 2023 has submitted her resignation as a Chairperson of the Board and Non-executive Non-Independent Director of the Company with immediate effect on 11th October, 2023. Reason of change: Resignation on grounds of her pre- occupations and unavoidable personal reasons. Consequent to her resignation as a Director (Chairperson) from the Board of Morarjee Textiles Limited, Ms. Urvi A. Piramal ceases to be a member in other Committees wherever she is a Chairperson/Member, with immediate effect from October 11, 2023. 공시 • Oct 11
Morarjee Textiles Limited to Report Q1, 2024 Results on Oct 21, 2023 Morarjee Textiles Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Oct 21, 2023 공시 • Sep 29
Morarjee Textiles Limited Announces Resignation of Nishthi H Dharmani as Company Secretary and Compliance Officer Morarjee Textiles Limited announced that Ms. Nishthi H Dharmani has tendered her resignation from the position of Company Secretary and Compliance Officer of the company and is currently serving her notice period. The date of relieving her from her duties will be separately intimated to the Stock Exchanges in due course. 공시 • Sep 06
Morarjee Textiles Limited, Annual General Meeting, Sep 27, 2023 Morarjee Textiles Limited, Annual General Meeting, Sep 27, 2023, at 14:30 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon; to appoint a director in place of Ms. Urvi A. Piramal, Non-Executive Director, who retires by rotation and being eligible, has offers herself for re- appointment; to consider ratification of Remuneration of Cost Auditors; and to consider other matters. 공시 • Aug 12
Morarjee Textiles Limited Announces Resignation of Naveen Kumar Dadi from the Position of Chief Financial Officer Morarjee Textiles Limited announced that Mr. Naveen Kumar Dadi, has resigned from the position of Chief Financial Officer and Key Managerial Person of the Company with effect from close of business hours of 11 August, 2023 and the same has been accepted by the Company. Further, Mr. Naveen Kumar Dadi has also confirmed that there is no material reason other than mentioned in resignation letter. Board Change • Jul 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO & Whole Time Director Amresh Narayan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2023 earnings released: ₹10.63 loss per share (vs ₹5.46 loss in 3Q 2022) Third quarter 2023 results: ₹10.63 loss per share (further deteriorated from ₹5.46 loss in 3Q 2022). Revenue: ₹595.0m (down 23% from 3Q 2022). Net loss: ₹386.3m (loss widened 95% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. 공시 • Jan 12
Morarjee Textiles Limited to Report Q3, 2023 Results on Feb 08, 2023 Morarjee Textiles Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 05
Second quarter 2023 earnings released: ₹10.62 loss per share (vs ₹6.96 loss in 2Q 2022) Second quarter 2023 results: ₹10.62 loss per share (further deteriorated from ₹6.96 loss in 2Q 2022). Revenue: ₹523.3m (down 10.0% from 2Q 2022). Net loss: ₹385.7m (loss widened 53% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. 공시 • Sep 30
Morarjee Textiles Limited to Report Q2, 2023 Results on Nov 04, 2022 Morarjee Textiles Limited announced that they will report Q2, 2023 results on Nov 04, 2022 Reported Earnings • Aug 05
Full year 2022 earnings released: ₹24.26 loss per share (vs ₹16.97 loss in FY 2021) Full year 2022 results: ₹24.26 loss per share (down from ₹16.97 loss in FY 2021). Revenue: ₹2.72b (up 41% from FY 2021). Net loss: ₹881.4m (loss widened 43% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 공시 • Aug 03
Morarjee Textiles Limited, Annual General Meeting, Aug 25, 2022 Morarjee Textiles Limited, Annual General Meeting, Aug 25, 2022, at 14:30 Indian Standard Time. Agenda: To consider the Audited Standalone and consolidated Financial Statements of the Company for the financial year ended March 31, 2022 together with the Reports of the Board of Directors and the Auditors thereon; and to appoint a director in place of Mr. Mahesh S. Gupta Non-Executive - Non Independent Director, who retires by rotation and being eligible, has offers himself for re-appointment; to Ratification of Remuneration of Cost Auditors; and to consider other matter. 공시 • Jul 15
Morarjee Textiles Limited to Report Q1, 2023 Results on Aug 12, 2022 Morarjee Textiles Limited announced that they will report Q1, 2023 results on Aug 12, 2022 공시 • Apr 21
Morarjee Textiles Limited Announces That Majority of Operations At the Nagpur Plant Came to Halt as Some Contract Workers' Work Stoppage from Last Few Days Morarjee Textiles Limited announced that majority of operations at the Nagpur plant came to halt as some Contract workers' work stoppage from last few days. Subsequently, the Permanent Technicians also joined the work stoppage. However, spinning and part of weaving continued to operate on a reduced working capacity. The demand of Contract Workers' and Permanent Technicians is mainly Long term Wage Settlement agreement which is pending since last 3 years should be concluded soon. At present, the management is in continuous dialogue with Contractor, Workers and Permanent Technicians and also initiated legal action against the workers who are on strike. The Management is taking all steps to ensure normal functioning of the plant to the maximum extent possible and also bring back workers who are on strike. With these steps, the company resumed the working of operations at 30% Capacity and Spinning which will move towards full capacity. The company is hopeful to conclude the wage agreement soon and workers will return to work in next couple of days. 공시 • Apr 15
Morarjee Textiles Limited to Report Q4, 2022 Results on May 19, 2022 Morarjee Textiles Limited announced that they will report Q4, 2022 results on May 19, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹5.46 loss per share (down from ₹3.66 loss in 3Q 2021). Revenue: ₹773.5m (up 4.8% from 3Q 2021). Net loss: ₹198.3m (loss widened 49% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Executive Departure • Sep 03
MD & Director Rajendar Rewari has left the company On the 31st of August, Rajendar Rewari was replaced as CEO by Amresh Narayan after 11.5 years in the role. We don't have any record of a personal shareholding under Rajendar's name. Rajendar is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Rajendar's leadership, the company delivered a total shareholder return of 33%. Reported Earnings • Jul 09
Full year 2021 earnings released: ₹16.97 loss per share (vs ₹7.28 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹1.94b (down 49% from FY 2020). Net loss: ₹616.7m (loss widened 133% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • May 22
Full year 2021 earnings released: ₹16.97 loss per share (vs ₹7.28 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹1.95b (down 49% from FY 2020). Net loss: ₹616.7m (loss widened 133% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 05
New 90-day high: ₹16.12 The company is up 49% from its price of ₹10.82 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 14% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: ₹3.66 loss per share (vs ₹1.42 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹740.9m (down 33% from 3Q 2020). Net loss: ₹133.1m (loss widened 157% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. 공시 • Feb 03
Morarjee Textiles Limited to Report Q3, 2021 Results on Feb 10, 2021 Morarjee Textiles Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 01
New 90-day high: ₹14.70 The company is up 69% from its price of ₹8.71 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Recent Insider Transactions • Dec 14
Insider recently bought ₹4.4m worth of stock On the 10th of December, Sunita Gupta bought around 310k shares on-market at roughly ₹14.24 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Is New 90 Day High Low • Dec 04
New 90-day high: ₹10.82 The company is up 5.0% from its price of ₹10.28 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 20% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: ₹4.92 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: ₹416.7m (down 51% from 2Q 2020). Net loss: ₹178.7m (loss widened 179% from 2Q 2020). 공시 • Aug 12
Morarjee Textiles Limited Restarts Nagpur Plant Morarjee Textiles Limited announced the office operations have been started as per Government guidelines. In Lockdown 3, the manufacturing was started in Nagpur plant with limited
manpower/volume due to restrictions imposed by the Government w.e.f. May 16, 2020. 0ther than manufacturing at Nagpur Plant, all other operations of the Company continued in limited way through remote mode (work from home) using various digital mediums and ERP during the lockdown period. After obtaining requisite permissions, as applicable, from the concerned Government authorities, the Company restarted its manufacturing operations at Nagpur plant, in a limited way, on May 16, 2020 to complete the limited orders on hand. The Company also started its Mumbai office w.e.f from June 8, 2020, with limited staff strength as per State and Central Government guidelines. Work from home is being encouraged among employees by the
Company. 공시 • Aug 07
Morarjee Textiles Limited to Report Q1, 2021 Results on Aug 12, 2020 Morarjee Textiles Limited announced that they will report Q1, 2021 results on Aug 12, 2020 공시 • Jun 19
Morarjee Textiles Limited to Report Q4, 2020 Results on Jun 26, 2020 Morarjee Textiles Limited announced that they will report Q4, 2020 results on Jun 26, 2020 
