Hindoostan Mills Ltd receives permission for closure of Textile Unit

Hindoostan Mills Ltd has announced that the Industries, Energy & Labour Department, State Government of Maharashtra has conveyed vide e-mail dated June 23, 2025 at 5.21 p.m., the Order passed by them on June 19, 2025 under section 25 O (2) of the Industrial Disputes Act 1947, giving permission for closure of the Textile unit of the Company located at Karad, District Satara, Maharashtra in response to the Company's application dated April 16, 2025 for closure of the said unit.

The Company had earlier disclosed to BSE Limited on April 15, 2025 that the Board of Directors of the Company has decided to close the textile unit located at Karad, District Satara, Maharashtra subject to the approval of necessary Government Authorities.

Shares of HINDOOSTAN MILLS LTD. was last trading in BSE at Rs. 189.95 as compared to the previous close of Rs. 189.95. The total number of shares traded during the day was 3 in over 3 trades.

The stock hit an intraday high of Rs. 190.00 and intraday low of 189.95. The net turnover during the day was Rs. 569.00.

Source : Equity Bulls

Keywords

HINDOOSTANMILLS INE832D01020 TextileUnit Closure Approval