May 27, 2021
Over two-fold rise in profits this quarter as compared to the corresponding period last year Page Industries Limited, with strong demand pick-up across all its product categories, has posted 272.53 per cent higher profits at ₹115.56 crore profits for the fourth quarter (Q4) of FY 2020-21 as against ₹31.02 crore loss recorded in the same period last year.
The company’s income is higher by 60.80 per cent to ₹886.32 crore as against ₹551.19 crore in the same period last year.
Commenting on the results, Managing Director Sunder Genomal said, “This has been an unprecedented year for all of us. However, I am pleased to say that during this time, we were able to handle the operational challenges and come out as a stronger and more resilient organisation. Although the year started on a challenging note, we were quick to implement our business continuity plans resulting in one of the best quarter performances for the company in its history. We witnessed a strong
Page Industries announces temporary suspension of operations in Karnataka
April 29, 2021
While Gokaldas Exports to operate with 50% workforce during lockdown period
Page Industries Limited, an exclusive licensee of Jockey International Inc (USA), has announced temporary suspension of its manufacturing operations in Karnataka.
The company in a regulatory filing to exchanges, said: “Considering the seriousness of the current Covid situation in India, especially in Karnataka, the company is temporarily suspending the manufacturing and operations except warehouse, elastics and raw material stores in Karnataka, with effect from April 30, 2021.”
Warehouses, elastics, raw material stores and other required departments including support functions are to operate with a minimum required number of employees by strictly following the Covid guidelines. The company said it has advised its employees not to travel and stay at home safely.
Page Industries CEO Vedji Ticku resigns owing to personal commitments
Page Industries Limited located in Bangalore, is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal and the UAE.Premium
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Chief Executive Officer and Executive Director of Page Industries, Vedji Ticku, has resigned from Page Industries owing to personal commitments, the company said in a regulatory filing to the exchanges. Ticku has submitted his resignation letter owing to personal commitments as he wishes to spend more time with his family. His resignation was accepted by the Board of Directors by circulation. The Board has acknowledged the contribution made by him during his tenure, an official release from the company stated.