Neycer India

Neycer India Limited is a company whose principal business activity is centered on the ceramics sector. The company's management is actively identifying ways and means to restart the business's operations at the earliest possible time. A key part of this revival plan involves raising funds to refurbish plant machinery and to meet working capital requirements. During the year under review, there was no change in the fundamental nature of the company's business activity. The company operates entirely within a single segment, which is the manufacture of sanitaryware, having no other reportable segments. Financially, the company faced a significant downturn, recording a net loss of ?233.71 lakhs against a profit of ?699.64 lakhs in the previous year.;