Strategic Exit from US Subsidiary, Recognizes ₹77.13 Crore Loss
Sarla Performance Fibers Limited · SARLAPOLY · NSE ·
Divested its entire investment in the wholly-owned US subsidiary, Sarlaflex Inc., which had been non-operational since 2017. Recognized a loss of **₹7,713.26 lakhs (₹77.13 crore)** on the divestment. The initial investment was approximately ₹100 crore. Management states the loss…