M/s VERTICAL INDUSTRIES LIMITED having its registred office # F-201, Krishna Kamala Residency Besides Satyasai Nigamagamam Srinagar Colony, Hyderabad – 500073 Listing Agreement of the Company with Stock Exchanges.
Your Company is into the business of processing Granite Slabs and Tiles. The products have a very restrictive export market, which is confined to some countries only, coupled with that the demand for granites is heading south globally. The competition in the International market has also increased to an alarming proportion.
The business of the Company requires huge working capital, which is also no more available from the bankers.
All these problems have struck down any chances of revival of the Company. However, the management of the Company is exploring the various possibilities of restructuring / reviving the Company in the best interest of the shareholders.