Rishab Special Yarns is in process of reviving the Texturising of Polyester Yarn, which is a part of its earlier business at Bhilwara, a new location identified by the management. The Company is in process of arranging funds for the project.
The company did not report any net sales income for the previous accounting year ended March 31, 2010 as its commercial/Manufacturing activities remains suspended except giving part of land and building on rent. However, other income for the 9 months ended December 31, 2010 includes profit on sale of land and building to the extent of Rs 35.49 lakhs of unit - II( i.e. B-130 A, Ambaji Industrial Area, Abu Road).
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