Siddheswari Garments Ltd.
SIDDHESWARI GARMENTS LTD IS A PUBLIC LTD COMPANY INCORPORATED IN 1994 LISTED AT BOMBAY STOCK EXCHANGE, CLACUTTA STOCK EXCHANGE LTD.
COMPANY'S MAIN BUSINESS ACTIVITY WAS MANUFACTURING AND SELLING OF KNITTED HOSIERY GARMENTS TO CATER FOR THE DOMESTIC MARKET. DUE TO CONTINUES LABOUR UNREST AT THE MANUFACTIRUNG UNIT, THE COMPANY WAS FORCED TO CLOSE DOWN ITS PRODUCTION ACTIVITIES ON A PERMANENTS BASIS AND HAVE BEN CONTINUING WITH TRADING ACTIVITIES AND INVESTING THE LIQUID FUNDS TO EARN RETURN ON IDEL CAPITAL. HOWEVER THE DIRECTORS ARE SERIOUSLY EXAMINING VIABILITY OF DIVERSE PROJECT PROPOSALS TO COMMENCE NEW VENTURES WITH THE FRAMEWORK OF THE OBJECT CLAUSE OF THE COMPANY'S MEMORANDUM OF ASSOCIATION.