Corporate News 27-May-20
Board of Elgi Equipments decides to wind up subsidiary in China
Elgi Equipments announced that the Board of the Directors of the company through a circular resolution on 26 May 2020 has proposed to wind up the company's subsidiary in China, Elgi Equipments Zhejiang, which carries out the business of import, warehousing, selling and servicing of compressor products. The subsidiary has not been performing to expected levels for the past few years. Elgi Equipments Zhejiang's business operations in China have been severely affected due to the general economic downturn, now aggravated by the advent of Covid-19.
Previous News
Elgi Equipments consolidated net profit rises 91.85% in the December 2022 quarter
( Results - Announcements 04-Feb-23 07:36 )
Elgi Equipments consolidated net profit declines 55.18% in the March 2024 quarter
( Results - Announcements 28-May-24 07:38 )
Elgi Equipments consolidated net profit rises 20.44% in the June 2024 quarter
( Results - Announcements 31-Jul-24 13:32 )
Elgi Equipments acquires minor stake in First Energy TN 1
( Corporate News - 30-Jul-22 13:18 )
Elgi Equipments Ltd leads gainers in 'A' group
( Hot Pursuit - 08-Jan-21 12:00 )
Elgi Equipments spurts after recording Q4 PAT of Rs 170 cr
( Hot Pursuit - 22-May-23 10:44 )
Elgi Equipments consolidated net profit rises 4029.52% in the March 2021 quarter
( Results - Announcements 22-May-21 07:54 )
Volumes spurt at Elgi Equipments Ltd counter
( Hot Pursuit - 14-Aug-23 11:00 )
Adani Enterprises Ltd leads gainers in 'A' group
( Hot Pursuit - 22-May-23 12:00 )
Elgi Equipments to convene board meeting
( Corporate News - 23-Jan-24 14:43 )
Zen Technologies Ltd leads gainers in 'A' group
( Hot Pursuit - 12-Jul-23 12:00 )
Other Stories
CG Power & Industrial Solutions to acquire radio frequency components biz of Renesas
05-Oct-24 10:30
MMP Industries to convene board meeting
05-Oct-24 10:23
Mahindra & Mahindra Financial Serv. to discuss results
05-Oct-24 10:23
Ambey Laboratories to hold board meeting
05-Oct-24 10:23
Aurobindo Pharma's step down subsidiary to divest its entire stake in JV 'Novagen'
05-Oct-24 10:21
Aurobindo Pharma's step down subsidiary to divest its entire stake in a South African JV
05-Oct-24 10:19
Just Dial announces board meeting date
05-Oct-24 10:11
L&T Finance schedules board meeting
05-Oct-24 10:11
Australian Premium Solar (India) announces board meeting date
05-Oct-24 10:11
Reliance Industrial InfraStructure declare Quarterly Result
05-Oct-24 10:11
Back
Top
