July 13, 2017
Modern Insulators 2016-17-Results
Pursuant to the scheme of Amalgamation of Modern Terry Towels Limited with the Company approved by Hon'ble BIFR under the provision of Sick lndustrial Companies Act, 1985, entire business and all assets and liabilities or Modern Terry Towels Limited were transferred and got vested in the Company.
As a result of this merger Share Capital of Modern Insulators has gone up from Rs 21 cr 74 lakh to Rs 47 cr 14 lakh and EPS has fallen from Rs 13 / 43 p to Rs. 6 / 34 p , although the net profit is nearly unchanged around 29 cr.
No Trading is currently taking place in BSE where Modern Insulators is Listed because of "Suspension due to Penal Reasons )
It appears some shares of Modern Insulators are available with Dealers of Rare Indian Shares for Sale / Purchase ( Please Recheck )