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ICEX is working on detailed business plan addressing both the short-term constraints and future growth opportunities
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    ICEX is working on detailed business plan addressing both the short-term constraints and future growth opportunities

    25 November 2021

    The management, considering the present liquidity situation and availability of funds is working on a detailed business plan addressing both the short-term constraints and future growth opportunities.

    Company's short term plan is to 

    Augment liquidity through release of Rs 50 crore capital from release of Settlement Guarantee Fund (SGF). Management at the instruction of the Board to approach SEBI for the same. 

    Focus on immediate and capital efficient opportunity of mutual fund transactions. This will ensure optimal utilization of limited capital in the short term and improvement in profitability and further strengthening the Board and processes.

    While their long term plan is to raise capital and renewed focus on commodities along with mutual fund transaction.