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Sapphire Foods India Ltd. ( (IN:SAPPHIRE) ) just unveiled an announcement.
Sapphire Foods India Limited has received a demand notice from the Employees’ State Insurance Corporation (ESIC) regarding outstanding dues amounting to INR 5.60 million, related to a business transfer agreement with A.N. Traders Private Limited from 2016. The company has stated that this notice will not materially impact its financial or operational activities and is currently evaluating the notice to decide on the necessary steps, including potentially challenging the demand.
More about Sapphire Foods India Ltd.
Sapphire Foods India Limited operates in the food service industry, primarily focusing on managing and operating quick-service restaurants. The company is known for its franchise operations of popular global brands, catering to a diverse customer base across India.
Average Trading Volume: 19,788
Technical Sentiment Signal: Sell
Current Market Cap: 80.67B INR
Find detailed analytics on SAPPHIRE stock on TipRanks’ Stock Analysis page.