The Managing Director of Maharashtra State Road Development Corporation holds approximately 10% of the company. This is why the company kept on getting these orders.
A week ago he was relieved of his duty, but he is still part of the the director of CM war room for Infrastructure Projects.
As long as he is invested in the company, I have no doubt on the company.
Disclaimer: Invested 4% of my PF, and yes all SME are risky, they have these issues, that is why they are still SME and not Smallcap.
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