Amarjothi Spinning Mills Ltd — Updates, 16-04-2025: Company Update

Amarjothi Spinning Mills Ltd has announced a board meeting concerning a Closure order received from the Income Tax Department related to a claimed deduction of ₹14.51 cr under Section 80G. The order also references liabilities totaling ₹10.47 cr. The company asserts that this closure will not materially impact its financial or operational activities. Despite potential investor concerns regarding compliance, the firm maintains a stable outlook, indicating that operations remain unaffected by this issue.