Abhishek Corporation Limited — Others, 25-02-2025: Shareholders meeting

Mahaalaxmi Texpro Limited has announced a board meeting to discuss the sale of significant assets, pursuing debt reduction strategies in response to the textile industry's challenges. The company plans to sell one unit for ₹7.35 crore and another for ₹24.75 crore, with the expected completion dates set for April and June 2025, respectively. This strategic decision reflects management's intent to alleviate financial pressures caused by the volatility in cotton spinning. Investors might view this move positively for its potential to strengthen the company’s balance sheet and improve operational focus moving forward.