Net Loss of Mandhana Industries reported to Rs 11.06 crore in the quarter ended September 2018 as against net loss of Rs 118.90 crore during the previous quarter ended September 2017. Sales declined 26.89% to Rs 58.25 crore in the quarter ended September 2018 as against Rs 79.67 crore during the previous quarter ended September 2017.

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Net Loss of Mandhana Industries reported to Rs 4.61 crore in the quarter ended June 2018 as against net loss of Rs 76.33 crore during the previous quarter ended June 2017. Sales declined 22.57% to Rs 66.93 crore in the quarter ended June 2018 as against Rs 86.44 crore during the previous quarter ended June 2017.

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Mandhana Industries will hold a meeting of the Board of Directors of the Company on 13 August 2018.

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Mandhana Industries announced that the National Company Law Tribunal, Mumbai Bench has approved the extension of CIRP in respect of the Company for a further period of 13 (Thirteen) days on account of the time elapsed between the date of passing the initial Order approving initiation of CIRP in respect of the Company i.e. 29 September, 2017 and the date when the certified copy of the said order was uploaded/received by the Resolution Professional i.e. on 11 October, 2017, on which date the Resolution Professional had assumed office.

Therefore, the last date of completion of CIRP stand extended till 8 July, 2018.

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