Karuturi Global Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

Karuturi Global will hold a meeting of the Board of Directors of the Company on 23 January 2020.

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Karuturi Global will hold a meeting of the Board of Directors of the Company on 25 December 2019.

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Karuturi Global announced that CIRP has been initiated in respect of the company under the provision of the Insolvency and Bankruptcy Code by way of order dated 02 August 2019 of NCLT, Bengaluru bench. The powers of the Board stands suspended with the appointment of IRP, Ghanshyam Das Mundra.

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Net loss of Karuturi Global reported to Rs 1222.40 crore in the quarter ended March 2019 as against net profit of Rs 14.09 crore during the previous quarter ended March 2018. Sales declined 16.57% to Rs 68.64 crore in the quarter ended March 2019 as against Rs 82.27 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 1193.72 crore in the year ended March 2019 as against net profit of Rs 51.93 crore during the previous year ended March 2018. Sales rose 0.40% to Rs 230.50 crore in the year ended March 2019 as against Rs 229.59 crore during the previous year ended March 2018.

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