The Board of Directors of Commercial Syn Bags Ltd. at their Meeting held on 15th day of February, 2019 has approved the capacity addition by way of expansion of company's unit II situated at Plot No. S-2/1, 3/1, 3/2, Sector-I, pithampur, Dist. Dhar, Dhar (M.P.) by setting up of manufacturing facilities by installation of Multifilament plant, Lamination plant, Twisting Machine, Automatic Bag cutting Machine for manufacturing of Small Bags, Tarpaulin, FIBC Bags, Multifilament Thread.

The cost of project is estimated to be Rs. 1500.00 Lakhs including working capital margin of Rs. 60.00 Lakhs. The mode of financing for the project will be term loan from Bank for Rs. 950 Lakhs and own contribution of Rs. 550 Lakhs.

Shares of Commercial Syn Bags Ltd. was last trading in BSE at Rs.40 as compared to the previous close of Rs. 39.5. The total number of shares traded during the day was 9000 in over 3 trades.

The stock hit an intraday high of Rs. 40 and intraday low of 40. The net turnover during the day was Rs. 360000.

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