Precot Limited — Board Meeting, 27-02-2025: Outcome of Board Meeting

The Board of Directors has announced the closure of the spinning unit in Hindupur, Andhra Pradesh, due to unsustainable losses over the past several years. The unit recorded a turnover of ₹131 Cr against a total revenue of ₹933 Cr last financial year. This decision aligns with the company's strategy to enhance profitability by reallocating productive assets to other units, despite a temporary reduction in operational revenues. The closure is effective from February 28, 2025. The company remains optimistic that this move will bolster the profitability of its Spinning Division moving forward.