Corporate News 11-Aug-23
Board of Godrej Industries decides to discontinue operations of Vegoils Division
At meeting held on 11 August 2023
The Board of Godrej Industries at its meeting held on 11 August 2023 has decided to discontinue the operations of the Vegoils Division (Company's Factory situated at Wadala, Mumbai, Maharashtra) given the consistent losses of the vast majority of the last 15 (fifteen) years of its operations. The Board has also taken note of the fact that the Company does not foresee any significant change in this situation and hence, in the best interest of the Company and its stakeholders, it is decided to discontinue the operations of the Vegoils Division.
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