Abhishek Corporation Limited — Board Meeting, 22-01-2025: Outcome of Board Meeting

At the recent board meeting, Mahaalaxmi Texpro Limited approved significant asset sales. The company will sell its spinning machinery for ₹7.35 Cr to M/s. Samosaran Yarns Pvt Limited, pending shareholder approval. Additionally, the fabric business will be sold to Girnar Spintex Industries Limited for ₹24.75 Cr, also subject to shareholder approval. Both transactions aim to reduce the company's debt amidst challenging market conditions. An Extraordinary General Meeting is set for February 25, 2025, to discuss these matters further.