S R Industries Ltd Share Price

Summary

S R Industries Limited (SRIL) is currently navigating a challenging scenario, wherein the companys performance has been adversely impacted by a liquidity crunch. Pursuant to an order dated December 21, 2021, from the National Company Law Tribunal, Chandigarh Bench, the Company is undergoing the Corporate Insolvency Resolution Process (CIRP). As a result, Shri Rajender Kumar Jain, Insolvency Professional (IP), has been appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional. Presently, the IP has taken over the management and operations of the Company. Consequently, all the powers of the Board of Directors of SRIL are suspended, and all powers are vested with the Resolution Professional.Incorporated in year 1989, S R Industries Limited is a dynamic group heading the footwear division having the state-of-the-art integrated manufacturing plant. The Company is having its operations in the State of Punjab (Mohali) and Himachal Pradesh (Una) and is engaged in the manufacturing of Footwear comprising of the facilities including Rubber Outsole Moulding, EVA Sheet, Cutting and preparation, Stitching, Assembly line for shoes. The footwear division manufactures goods for various companies such as Bata, Fila etc.The Company has facilities like Rubber Outsole moulding, EVA sheet, IMEVA, stockfitting, Cutting and preparation, Stitching, Assembly line for Shoes equipped with latest machinery from leading machine manufacturers across the gl
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