Sukhjit Finance is a non-material subsidiary of the Company
Sukhjit Starch & Chemicals announced that the Board of Directors have decided to disinvest a major part of its shareholding in Sukhjit Finance - presently a Subsidiary Company.Sukhjit Finance has been running out of operations for the last many years and will cease to be a Subsidiary of the Company after the necessary disinvestment.
Sukhjit Finance is not a material subsidiary Company as the value of investment stands at Rs. 2.63 crore in the latest Balance Sheet of the Company on 31 March 2014 against shareholder funds of Rs. 181.27 crore on that date.
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