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JIK Industries
BSE: 511618NSE: JIKINDISIN: INE026B01049

16th-Feb-2015 08:15Source: NSE

JIK Industries Limited

JIK Industries Limited has informed the Exchange that the Board of Directors of the Company held on February 14,2015 has considered and approved the following: (1) As a part of modernizing its manufacturing operations, the Company has decided to give greater focus on better margin cold room activities and reduce its dependence on hot room activities and will carry out necessary changes to implement the same. (2) Restructuring of business activities. (3) Provisions for diminution in value of long term investment is made as there is a decline, other than temporary, in the value of investments and the carrying amount is reduced to recognize the decline. The resultant investments are carried at Book Value and at Face Value in case of investment in subsidiaries as there is no foreseeable improvement in near future.

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