ALPHA TRIBE

Ludlow Jute & Specialities LtdOthers, 26-08-2025: Others

26-08-2025 | 10:59 am

Ludlow Jute & Specialities Limited saw a significant ownership change, with Panchjanya Distributors Private Limited acquiring 67.20% and becoming the new promoter. Annual sales decreased to **₹298.29 Cr** (including **₹50.53 Cr** exports) due to operational disruptions from labor unrest and reduced government orders. The company posted a net loss of **₹10.57 Cr**, narrowing losses from **₹12.54 Cr** previously. A **₹17.63 Cr** gratuity provision reversal boosted Other Comprehensive Income. Shareholder approval is sought for related party transactions up to **₹100 Cr** and increasing borrowing and asset charge limits to **₹250 Cr** each. No dividend was proposed.

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