Siddheswari Garments Ltd Company Summary

Siddheswari Garments Ltd Summary

Siddheswari Garments Limited was incorporated on 20 October 1994. The Companys main business activity was manufacturing and selling knitted hosiery Garments to cater the domestic market. In 2004-05, the Company initially ventured to restricted production on time sharing basis with other manufacturing units. But due to continuous labor unrest at the manufacturing unit, the Company was forced to close down its production activities permanently. It has since continued with trading activities and investing liquid funds to earn a return on idle capital.After having a self imposed discontinuation of normal business operation for year 2017-18, the Company since revived its normal business operations in year 2018-19. However, the directors are seriously examining the viability of diverse project proposals to commence new ventures within the framework of the object clause of the Companys Memorandum of Association.