Eurotex Industries Reports Q1 Loss of Rs 87.04 Lakhs Amid Ongoing Plant Closure
Eurotex Industries & Exports reported a net loss of Rs 87.04 lakhs for Q1, an improvement from Rs 111.37 lakhs loss in the previous year. Revenue dropped to Rs 4.43 lakhs from Rs 62.13 lakhs. Manufacturing plants in Kolhapur remain closed since March 2019 due to labor disputes and power issues. The company has settled all dues with lender banks and plans to develop available land in Kolhapur. The Board approved M/s Aabid & Co. as Secretarial Auditors for five years from April 2025.