Indo Rama Synthetics (India) announced that the 33th Annual General Meeting (AGM) of the company will be held on 26 July 2019.

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Net Loss of Indo Rama Synthetics (India) reported to Rs 169.33 crore in the quarter ended March 2019 as against net loss of Rs 30.29 crore during the previous quarter ended March 2018. Sales declined 16.07% to Rs 436.39 crore in the quarter ended March 2019 as against Rs 519.92 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 271.06 crore in the year ended March 2019 as against net loss of Rs 82.69 crore during the previous year ended March 2018. Sales declined 24.87% to Rs 1694.56 crore in the year ended March 2019 as against Rs 2255.64 crore during the previous year ended March 2018.

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Indo Rama Synthetics (India) announced that the company has opened an offer for acquisition of upto 6,54,36,231 fully paid-up equity shares of face value of Rs 10/- each, representing 24.53% of the expanded voting share capital of 25.06% of the emerging share capital of the company from the public shareholders of the Target Company, i.e., Indo Rama Synthetics (India).

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Indo Rama Synthetics (India) will hold a meeting of the Board of Directors of the Company on 15 May 2019.

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