The MAT of Indian company Lagnam Spintex has increased by 468 percent

16 December 2021, Mumbai:

Lagnam Spintex Limited, situated in Bhilwara, has filed a MAT (Minimum Alternate Tax) of Rs. 4.45 crore for the current financial year 2021-22, up 468 percent from the previous year.

The business started in a statement that it had deposited Rs. 3 crore as MAT in its most recent payment and Rs. 1.45 crore in the preceding tranche. In 2020-21, the corporation has deposited Rs. 95 lakhs as MAT.

Lagnam Spintex was founded in 2010 and specializes in the production of high-quality open-end yarn for both domestic and international markets. These yarns may be found in a wide range of clothes, home furnishings, and industrial materials.

Its production complex is 48,000 square meters and has 25,536 spindles and 1,920 rotors for cotton yarn, with a capacity of 35 tonnes per day of high-quality yarn. "It is indeed a great time for us," said Anand Mangal, the company's Promoter and MD. We're doing well because of our devotion to high-quality items."

It's worth noting that the firm was transferred from the NSE Emerge platform to the mainboard of the National Stock Exchange (NSE) in September 2021. The migration took effect on September 30, 2021.

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