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Ganga Forging Ltd. ( (IN:GANGAFORGE) ) has issued an announcement.
Ganga Forging Limited has announced that Axis Bank Ltd, Rajkot Branch, has frozen certain amounts in the company’s bank accounts due to a dispute involving third-party investors, which the company is not directly involved in. The company has sought legal advice and is making necessary applications to address the situation, asserting that the freeze does not materially impact their operations due to the non-material nature of the amounts involved.
More about Ganga Forging Ltd.
Ganga Forging Limited operates in the forging industry, providing specialized forged products. It is based in Rajkot, Gujarat, India, and serves a market that includes various industrial sectors with a focus on delivering high-quality, precision-engineered components.
YTD Price Performance: -1.15%
Average Trading Volume: 738,200
Current Market Cap: 926.1M INR
Learn more about GANGAFORGE stock on TipRanks’ Stock Analysis page.