IPO Objectives
1. Setting up of 50,000 sq.ft. of shed in the existing manufacturing unit and purchase of Dyeing and Bleachingprocessing machinery and installation of additional production capacity of upto 4 tons per day (hereinafterreferred as the “Capex”) at our existing manufacturing unit at Jagannathpur, Phuleshwar, Uluberia, DistrictHowrah;
2. Investment in our subsidiary Yashodha Linen Yarn Limited for setting up a greenfield unit at VikramUdyogpuri, DMIC (Industrial Park, Ujjain, Madhya Pradesh) for 100% wet spun linen yarn and blended yarn(hereinafter referred as the “Project”);
3. Funding of working capital requirements of our Company; and
4. General Corporate Purposes.
