Textile small-cap company Mid-India Industries Ltd (MIIL) Thursday said the Ahmedabad Stock Exchange (ASE) has approved its appeal for delisting from the bourse.
According to the company's filing to the Bombay Stock Exchange (BSE), the board of directors of the company at their meeting held Nov 14, 2014, inter alia have considered and approved voluntary delisting of equity shares at Ahmedabad Stock Exchange under Listing Agreement.
"Ahmedabad Stock Exchange Limited considered the application at their meeting Dec 22, 2014, and approved delisting of shares from the Ahmedabad Stock Exchange Limited w.e.f. Dec 23, 2014," BSE said in a statement.
However, the company continues to remain listed on BSE.
MIIL has a market cap of Rs. 3.85 crores and operates in the textiles segment. For the quarter ended September 2014, the company has reported standalone sales of Rs. 8.46 crores, down by 1.53 percent from last quarter sales of Rs. 8.59 crore. The company had reported a net loss after tax of Rs. 11 lakhs in September quarter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app