Andhra Pradesh Tanneries

Andhra Pradesh Tanneries Limited is an Indian public company whose primary objective is to operate a tannery, processing leather and hides into finished goods. The company's plant is currently not operational, but the management is making efforts to revive the business activities in the future. Due to the halt in business, a Management Discussion and Analysis report was not provided for the fiscal year. Consequently, activities related to energy conservation, technology absorption, and foreign exchange were not applicable during the year. Despite the cessation of operations, financial statements are prepared on a going concern basis as there are no immediate plans to liquidate assets. The company incurred a net loss of ?27.13 lakhs for the 2023-2024 fiscal year, attributed to administrative expenses while operations remained suspended.;