India, Oct. 28 -- The Mumbai-based cotton yarn manufacturer has cleared a promoter-backed warrant issue and a third manufacturing unit, even as its half-year revenue nearly doubled. The board's decisions point to fresh capital, higher capacity and a bigger Central India presence, though financing and cash flow both deserve a closer look by investors.

The Nifty 50 traded at 22,554, down 0.87%, while the Sensex fell 1.08% to 72,800 on Wednesday. Following this the Shares of Shreedhar Spinners Ltd are trading flat at Rs. 166.00 on Wednesday. The company commands a market capitalization of Rs. 355.87 crore.

Board Approves Warrant Allotment and New Capacity Shreedhar Spinners Limited, a cotton yarn maker listed on the NSE Emerge platform, a...