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Lagnam Spintex’s Executive Director bought 1.23 Lacs equity shares 

Shubh Mangal, The Executive Director of Lagnam Spintex bought shares between 22nd-30th November 2022 from the open market.

New Delhi: The promoter group of Lagnam Spintex bought 1.23 Lac equity shares at an average cost of Rs.58.81 per share.

One of the leading manufacturers of high-quality cotton yarns, Lagnam Spintex, has reported to NSE that Mr Shubh Mangal have bought the shares from the open market Between 22nd November to 30th November 2022. According to the discolusure made by the company in accordance with regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, the company Executive Director, Mr. Shubh Mangal acquired a total of 1.23 lacs equity shares at an average price of Rs. 58.81 per share.

Further, the Company has taken adequate steps to implement the Expansion Project of Rs. 218.00 crores for the installation of 41,472 spindles for manufacturing 100% “Compact” cotton yarn’ and spent Rs. 20.25 Cr. on the project as of 30.09.2022. The expansion project is on schedule and shall achieve COD on time.