Archidply Decor Reports Narrowed Loss in Q1, Reappoints Independent Directors
Archidply Decor Limited, a wood-based products manufacturer, reported a net loss of Rs 14.43 lakhs for Q1 FY24, down from Rs 21.87 lakhs in Q1 FY23. Revenue decreased to Rs 1,106.01 lakhs from Rs 1,234.97 lakhs year-over-year. The company reappointed two independent directors, Mr. Neeraj Kumar Mittal and Mr. Dinesh Kumar Marda, for a second five-year term, subject to shareholder approval.