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Nitin Spinners is engaged in the business of Yarn and Cotton Knitted Fabric.
Nitin Spinners Limited has informed the Exchange regarding 'INTIMATION OF ACQUISITION UNDER REGULATION 30 OF THE SEBI LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS REGULATIONS 2015'.
Nitin Spinners reported an employee's contra trade violation. A VP received a Rs. 2000 penalty for minor share trading within six months. No insider information was involved; it was a first-time offense with minimal impact.
Nitin Spinners acquired a 6.97% stake in CGE II Hybrid Energy Pvt Ltd for 17.14 Cr. This strategic investment aims to secure renewable power for NSL's Rajasthan plants, qualifying as a captive consumer for cost efficiency. CGE II is a new, zero-turnover entity.
Nitin Spinners Ltd has announced a board meeting and approved acquiring an 18.12% stake in CGE II Hybrid Energy Pvt Ltd, a renewable energy firm developing wind-solar hybrid projects in Rajasthan. This strategic move secures 18 MW of captive renewable power for its plants, supporting sustainability goals. The acquisition cost...
Nitin Spinners Limited identified a Code of Conduct breach by Deputy Manager Rakesh Kumar Baheti for executing contra-trades without pre-clearance, though outside the trading window and without sensitive information. The company fined him Rs 7,626, equal to the profits from the trades, marking a first-time offense. Corrective measures are in...