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The latest announcement is out from Salona Cotspin Limited ( (IN:SALONA) ).
Salona Cotspin Limited has disclosed that it received an order from the Registrar of Companies, Coimbatore, for a procedural lapse under the Companies Act, 2013 related to a two-day delay in filing E-form MGT-15 for the financial year 2021-22. The company clarified that the order does not impose any monetary penalty on either the company or its officers and that the action has no significant impact on its financials, operations, or other business activities, indicating that the issue is a minor compliance matter rather than a substantive regulatory setback.
More about Salona Cotspin Limited
Salona Cotspin Limited is an Indian textile company based in Tamil Nadu, engaged in spinning and manufacturing yarn, with operations focused on producing high-quality spun yarn for the textile industry.
Average Trading Volume: 283
Technical Sentiment Signal: Hold
Current Market Cap: 1.34B INR
For detailed information about SALONA stock, go to TipRanks’ Stock Analysis page.