Suumaya Corporation Ltd (formerly known as Rangoli Tradecomm Ltd - BSE-SME listed company with BSE Code: 543274) is engaged in the trading business of Polymers, Textile products, Metals - ferrous & non-ferrous, manganese & various commodities. The company is redefining Supply-Chain business with its unique value preposition for its stakeholders.
The company has filed a writ petition to Bombay High Court against the Goods and Services Tax (GST) Authorities and challenged the constitutional validity of the rights of GST department enforced in the inquiry carried out against one of its client.
The company does not foresee any material impact on the Company's current or future business plans. Further, as an organization, SCL continues to conform to the highest standards of corporate governance as demonstrated in the past.
This clarification is being provided in order to put to rest any speculative or baseless information circulating without the endorsement of the Company.
Financial Performance:
During the first half of the financial year FY2021-22, the company has posted total revenues of INR 3,335 crores. EBIDTA during the first half stood at INR 153 crores and PAT at INR 113 crores. The company has registered robust all-round performance on all parameters - Revenues, Margins and Profitability despite challenging economic environment on account of spread of Covid-19 pandemic globally.
The company has built a unique model of Supply Chain across commodities and is evolving...
Read Full Story: https://www.equitybulls.com/admin/news2006/news_det.asp?id=303099
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.