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Cedaar Textile Ltd, established in 2020, manufactures and exports a variety of sustainable yarns, including organic and recycled options, supplying major garment manufacturers for global fashion brands.
Cedaar Textile Limited has informed the Exchange about designation of Mr Jay Prakash Singh CEO of the Company as Compliance Officer under Regulation 6 of SEBI (LODR) Regulations 2015. and Appointment of Mr Surendar Kumar Sood (DIN: - 01091404), as an Additional Director (Non-Executive and Independent) of the Company w.e.f...
Company's financial results clarification: Auditors issued a Disclaimer of Opinion for the quarter and half-year, citing 6 months of lost accounting data, an unverified ₹84 Cr inventory write-down, and inability to confirm going concern status. This severely impacts investor confidence.
Cedaar Textile has announced a board meeting approving the financial results for the half-year and full financial year. Auditors issued a 'Disclaimer of Opinion' due to significant data loss, inability to verify assets/liabilities, and a massive Rs. 84 Cr inventory write-down. The company also defaulted on borrowings, raising 'going concern'...