Veto Switchgears and Cables has realised $10 lakh from Veto Overseas Private F.Z.E, its overseas subsidiary as on June 30. Similarly, the company on April 30 informed the bourses that it had realised ₹7.50 crore on April 26, 2019 from the subsidiary. Veto Switchgears had given unsecured loan to its wholly-owned subsidiary. The company had reported a profit of ₹9.33 crore and revenues of ₹108.93 crore for FY 18. Investors will closely monitor the developments.
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