gujarat textronics ltd Management discussions


GUJARAT TEXTRONICS LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS PERFORMANCE With the discontinuation of Autoconer product by the Parent company by end 1997, the operation of the Company came Virtually to a standstill from 1998. Efforts were made to run the company with job work and sale of parts. Efforts were also made to liquidate the stocks at reasonable price. As none of these efforts were fruitified, the Board decided to make an application to the Registrar of Companies - Gujarat to strike off the Companys name as a defunct company u/s 560 of the Companies Act, 1956. Accordingly an application has been filed to the Registrar of Companies - Gujarat.