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Mafatlal Ind

26th-Mar-2020 16:33Source: BSE

Mafatlal Industries - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

Pursuant to Regulation 30 of the Listing Regulations, in view of the various directives of Central Government /Concerned State Governments relating to lockdown and the need for social distancing, the Company has temporarily suspended/closed the manufacturing & other operations at the Company''s Facilities at Nadiad, Gujarat and other offices in Mumbai and Ahmedabad. The financial impact of the suspension cannot be ascertained at this point in time.

We are closely monitoring this dynamic situation. Resumption of operations will depend on various directives being issued from time to time by the concerned authorities and the state of overall business scenario.

We also wish to inform you that in the backdrop of outbreak of Covid - 19 pandemic, the Company has been taking various precautionary & other measures to protect employees and workmen, and the eco system in which they interact.

This is for your information and records.

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