Net profit of Visagar Polytex reported to Rs 0.53 crore in the quarter ended March 2020 as against net loss of Rs 0.93 crore during the previous quarter ended March 2019. Sales declined 55.19% to Rs 1.77 crore in the quarter ended March 2020 as against Rs 3.95 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 14.35 crore in the year ended March 2020 as against net profit of Rs 0.16 crore during the previous year ended March 2019. Sales declined 81.11% to Rs 10.17 crore in the year ended March 2020 as against Rs 53.83 crore during the previous year ended March 2019.

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Visagar Polytex will hold a meeting of the Board of Directors of the Company on 30 June 2020.

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Visagar Polytex will hold a meeting of the Board of Directors of the Company on 14 February 2020.

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The Board of Visagar Polytex at its meeting held on 05 December 2019 has approved the following -

Appointment of Madhu Bala Vaishnav (DIN:08376551) as an Additional Director of the Company.

Resignation of Sheela Vijay Sawdekar from the position of Independent director of the Company.

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