Orosil Smiths India to open its first apparel showroom in Noida

12 Jan 2022 , 10:27 AM

Orosil Smith India Ltd has informed to the exchanges regarding registration of Trademark "mingALL" as accepted and advertised by trademark authority and opening of its first showroom in Noida to explaore business operations.

As per regulatory filing, Orosil Smiths India Limited altered its Memorandum of Association in the Annual General Meeting held on September 30, 2019, to expand its operations in the area of apparels. However, the operations under the said segment has been delayed, due to ongoing pandemic.

Orosil said, "The management was looking for the potential opportunity to grow in this segment. Now, we planned to start the business in this area and for the same purpose the Company applied for the registration of Trademark “mingALL” on December 01, 2021. The said application has been approved by Trademark Authority and is published in the Official Gazette.

The Company is about to start its 1st apparels showroom in Noida. Also, the Company is venturing to provide an online web-store to the new entrant and designers to promote their designs and to showcase their skills and talent, in order to bring them closer to their potential customers by the end of March, 2022, subject to keeping in view the effects of Covid-19 pandemic. The Company is in process to initiate to contact with such designers.

At around 9:32 AM, Orosil Smiths India was trading at Rs7.42 apiece up by Rs0.35 or 4.95% on Sensex.