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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Maharashtra-based SME stock plunges 20% as MD gets shot, director taken in police custody

Police United States Maharashtra Mumbai Vasai

Maharashtra-based manufacturer GSM Foils on Friday announced that its Managing Director Mohansingh Parmar has been injured in a firing incident and police took one of its whole time directors in custody.

In an exchange filing, GSM Foils said the firing incident took place in the Naikpada area in Vasai-Virar, located near Mumbai. After getting injured in the incident, the company said that Parmar received prompt medical attention and is presently under proper medical care. His health condition was reported to be stable and improving.

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