Rajasthan Cylinders and Containers Limited announced that the Board of Directors of the Company at its Meeting held on 09th December, 2022 considered and approved the proposal for closure of operations at the Company's manufacturing unit located at SP - 825, Road No. 14, V K I Area, Jaipur -302013. The Company's Manufacturing Unit accounted for revenue from operations of INR 114 million for the year ended March 31, 2022 (representing 50.89% contribution to the Company's total income for the financial year ended March 31, 2022.

Date of closure or estimated time of closure: 09th December, 2022. Considering the unsatisfactory performance of the Unit with continued operational losses in spite of attempts to turn it around, making it unviable to continue running the Unit and due to paucity of funds to run the manufacturing unit.