Lakshmi Precision Screws announced that five Resolution Applicants have evinced interest for the revival of the company under CIRP, till last date of submission of resolution plans. The Committee of Creditors is in further negotiation with the prospective resolution applicants. Powered by Capital Market - Live News

Lakshmi Precision Screws announced that operations of Plant -1 of the company has been restarted from 14 August 2018.The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) vide orderdated 18 July 2018 passed by the Hon`ble National Company Law Tribunal [NCLT], Chandigarh Bench.Powered by Capital Market - Live News

Net Loss of Lakshmi Precision Screws reported to Rs 12.66 crore in the quarter ended December 2017 as against net loss of Rs 18.10 crore during the previous quarter ended December 2016. Sales declined 16.37% to Rs 51.35 crore in the quarter ended December 2017 as against Rs 61.40 crore during the previous quarter ended December 2016. ParticularsQuarter Ended�Dec. 2017Dec. 2016% Var. Sales51.3561.40 -16 OPM %0.68-2.77 - PBDT-8.61-11.40 24 PBT-12.66-18.14 30 NP-12.66-18.10 30 Powered by Capital Market - Live News

Lakshmi Precision Screws will hold a meeting of the Board of Directors of the Company on 13 March 2018, for considering and approving Un-audited Financial Results for the 3rd quarter/9 months ended on December 31, 2017.Powered by Capital Market - Live News

Lakshmi Precision Screws will hold a meeting of the Board of Directors of the Company on 27 February 2018.Powered by Capital Market - Live News