Nakoda Limited Announces Board Changes, Recommends Final Dividend

Nakoda Limited is an India-based company engaged in the manufacturing of man-made fibers. The Company is engaged in the manufacture of polyester chips, partially oriented yarn, fully drawn yarn (FDY), texturized and trading of various types of chips, fibers and yarns, among others. The Company's businesses include petrochemicals and renewable energy. It offers a range of polyester products, such as fiber grade chips and twisted yarns in various lusters for a range of end uses. The Company has a Texturizing Plant (708 million tons per annum and twisting 525 million tons per annum) at Silvassa in the Union Territory of Dadra & Nagar Haveli. The Company's texturizing capacity is expanded to 2,658 million tons per annum by adding new texturizing machines. The Company is equipped with a manufacturing capacity of 1.46 lakh metric tons per annum chips at its Karanj Plant. The Company's subsidiaries include Nakoda Holdings Mauritius Ltd. and Gerback Holdings Pte. Ltd.