Lakshmi Precision Screws announced that five Resolution Applicants have evinced interest for the revival of the company under CIRP, till last date of submission of resolution plans. The Committee of Creditors is in further negotiation with the prospective resolution applicants.

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Lakshmi Precision Screws announced that operations of Plant -1 of the company has been restarted from 14 August 2018.

The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) vide orderdated 18 July 2018 passed by the Hon'ble National Company Law Tribunal [NCLT], Chandigarh Bench.

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Ultracab (India) Ltd, Ujaas Energy Ltd, Khaitan (India) Ltd and Ducon Infratechnologies Ltd are among the other losers in the BSE's 'B' group today, 09 July 2018.

Lakshmi Precision Screws Ltd tumbled 10.51% to Rs 17.45 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 20467 shares were traded on the counter so far as against the average daily volumes of 1355 shares in the past one month.

Ultracab (India) Ltd lost 10.30% to Rs 73.55. The stock was the second biggest loser in 'B' group.On the BSE, 6089 shares were traded on the counter so far as against the average daily volumes of 6351 shares in the past one month.

Ujaas Energy Ltd crashed 9.25% to Rs 9.12. The stock was the third biggest loser in 'B' group.On the BSE, 84005 shares were traded on the counter so far as against the average daily volumes of 29405 shares in the past one month.

Khaitan (India) Ltd fell 8.42% to Rs 39.7. The stock was the fourth biggest loser in 'B' group.On the BSE, 219 shares were traded on the counter so far as against the average daily volumes of 417 shares in the past one month.

Ducon Infratechnologies Ltd pared 7.49% to Rs 21. The stock was the fifth biggest loser in 'B' group.On the BSE, 36990 shares were traded on the counter so far as against the average daily volumes of 64831 shares in the past one month.

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Net Loss of Lakshmi Precision Screws reported to Rs 12.66 crore in the quarter ended December 2017 as against net loss of Rs 18.10 crore during the previous quarter ended December 2016. Sales declined 16.37% to Rs 51.35 crore in the quarter ended December 2017 as against Rs 61.40 crore during the previous quarter ended December 2016.

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