Nahar Spinning Mills will hold a meeting of the Board of Directors of the Company on 2 August 2021.

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Nahar Spinning Mills announced that the Board of Directors of the Company at its meeting held on 31 May 2021, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Net profit of Nahar Spinning Mills reported to Rs 63.41 crore in the quarter ended March 2021 as against net loss of Rs 13.39 crore during the previous quarter ended March 2020. Sales rose 27.80% to Rs 726.70 crore in the quarter ended March 2021 as against Rs 568.61 crore during the previous quarter ended March 2020.

For the full year,net profit reported to Rs 41.41 crore in the year ended March 2021 as against net loss of Rs 53.06 crore during the previous year ended March 2020. Sales rose 1.40% to Rs 2111.87 crore in the year ended March 2021 as against Rs 2082.70 crore during the previous year ended March 2020.

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Nahar Spinning Mills will hold a meeting of the Board of Directors of the Company on 31 May 2021.

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