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Ginni Filaments Limited's Board of Directors approved the audited financial results for the quarter and financial year ended 31 March 2025. The board also approved the re-appointment of M/s A W & Co., Chartered Accountants, as the Internal Auditor for the financial year 2025-26. The Board Meeting commenced at 3:00 P.M. and concluded at 4:40 P.M. The results are available on the company website.
Ginni Filaments Ltd. announced on 15 Mar 25 that it has been penalized ₹10 lakhs by the Directorate of Enforcement, Lucknow Zonal Office. The penalty was imposed by the Adjudication Authority, Deputy Director, Directorate of Enforcement, Lucknow Zonal Office, due to the company's failure to make sufficient efforts to realize outstanding export proceeds related to export bills. Ginni Filaments stated that this action has nil impact on its financial operations.
Ginni Filaments Limited (GINNIFILA) announced on 15 Mar 25 that the Directorate of Enforcement, Lucknow Zonal Office, has imposed a penalty of ₹10 lakhs on the company. The order, received on 15 Mar 25, is a result of the company not making sufficient efforts to recover outstanding export proceeds. Ginni Filaments stated that this penalty will have nil impact on the company's financials and operations.
Ginni Filaments Ltd. reported a fire incident at its Garment Division godown in Noida, Sector 63 on 16 Mar 25 at 7:00 A.M. The fire has been controlled, but production at the division is temporarily disrupted. No casualties or injuries were reported. The company is currently assessing the actual loss caused by the fire and has initiated a claim with the insurance company.
Ginni Filaments Limited announced the resumption of operations at its Garment Division located in Noida, Sector 63, following a fire incident on 16 Mar 25 around 7:00 AM at the division's godown. The company is currently in the process of ascertaining the loss incurred due to the fire and will provide further updates to the stock exchange.