Williamson Magor & Company Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of Directors of Williamson Magor & Co. Limited has approved the financial results for the quarter and half-year ended September 30, 2024. The results reflect a total income of ₹18,730 thousand, with a reported loss before tax of ₹26,58,959 thousand. The company acknowledges liquidity challenges and defaults on payments to lenders. Strategic measures and ongoing discussions with financial institutions aim to improve cash flow and working capital. The management is optimistic about restoring financial stability through support from lenders and potential operational adjustments.