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CMI Limited ( (IN:CMICABLES) ) just unveiled an update.
CMI Limited has announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2024, during a board meeting authorized by the company’s Resolution Professional. The company, which is undergoing a corporate insolvency resolution process initiated by Canara Bank under the Insolvency and Bankruptcy Code, reported a net loss for the period, reflecting ongoing financial challenges. This announcement highlights the company’s current financial…