Net Loss of Sujana Universal Industries reported to Rs 77.71 crore in the quarter ended June 2019 as against net loss of Rs 103.72 crore during the previous quarter ended June 2018. There were no Sales reported in the quarter ended June 2019 and during the previous quarter ended June 2018.

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Sujana Universal Industries will hold a meeting of the Board of Directors of the Company on 14 August 2019.

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The National Company Law Tribunal, Hyderabad Bench vide order dated 20 June 2019 has commenced Corporate Insolvency Resolution Process in respect of Sujana Universal Industries under provision of Insolvency and Bankruptcy Code, 2016. Nethi Shetty has been appointed as Interim Resolution Professional with effect from 26 June 2019 and consequently, the power of the Board of the company have been suspended.

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Net loss of Sujana Universal Industries reported to Rs 368.59 crore in the quarter ended March 2019 as against net profit of Rs 54.22 crore during the previous quarter ended March 2018. There were no Sales reported in the quarter ended March 2019 as against Rs 0.02 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 730.08 crore in the year ended March 2019 as against net loss of Rs 105.14 crore during the previous year ended March 2018. Sales declined 95.74% to Rs 2.36 crore in the year ended March 2019 as against Rs 55.35 crore during the previous year ended March 2018.

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