Mindteck (India) announced that Mindteck, Inc., (a subsidiary of the Company) received waiver for an amount of USD 2,469,200 along with interest of USD 28,944.51 received as business loan under Paycheck Protection Program from the United States Federal Government.

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Net profit of Mindteck (India) reported to Rs 5.42 crore in the quarter ended March 2021 as against net loss of Rs 40.86 crore during the previous quarter ended March 2020. Sales rose 2.64% to Rs 72.57 crore in the quarter ended March 2021 as against Rs 70.70 crore during the previous quarter ended March 2020.

For the full year,net profit reported to Rs 10.86 crore in the year ended March 2021 as against net loss of Rs 64.80 crore during the previous year ended March 2020. Sales rose 3.84% to Rs 286.72 crore in the year ended March 2021 as against Rs 276.13 crore during the previous year ended March 2020.

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Mindteck (India) has revised the meeting of the Board of Directors which was scheduled to be held on on 20 May 2021. The meeting will now be held on 28 May 2021.

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Mindteck (India) will hold a meeting of the Board of Directors of the Company on 20 May 2021.

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