Morarjee Textiles Limited ( (IN:MORARJEE) ) has issued an update.
Morarjee Textiles Limited has announced the holding of its Twenty Fourth Meeting of the Committee of Creditors as part of its ongoing Corporate Insolvency Resolution Process. The meeting, which took place on March 28, 2025, is a part of the company’s efforts to manage its affairs, business, and assets under the supervision of an appointed Resolution Professional. This development is crucial for stakeholders as it marks a continued step in the company’s restructuring efforts under the oversight of the National Company Law Tribunal.
More about Morarjee Textiles Limited
Morarjee Textiles Limited is part of the Ashok Piramal Group and operates in the textile industry, focusing on the production of high-quality fabrics. The company is based in Maharashtra, India, and is currently undergoing a Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.
YTD Price Performance: -55.14%
Average Trading Volume: 8,969
Current Market Cap: 164.9M INR
Learn more about MORARJEE stock on TipRanks’ Stock Analysis page.