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Madhucon Proj

23rd-May-2020 16:29Source: BSE

Madhucon Projects - Announcement Under Regulation 30 (LODR) - Updates - Impact Of COVID-19 - Reg

With reference to the above subject, Operations of the Company have stopped from 23rd March, 2020 in pursuance of the guidelines of Govt of India and Govt of Telangana issued against the spread of CoVID-19.

Operations were started with 33% staff from 06.05.2020 and 100% staff from 18.05.2020 as per the guidelines of Govt of India and Govt of Telangana.

The company has been taking all precautions, adopting social distancing, and other safety measures as per the Govt Guidelines.

In terms of SEBI /HO/CFD/CMD1/CIR/P/2020/84 Dated 20th May, 2020, we are in the process to evaluate the impact of CoVID-19 Pandemic on the business, performance and financials and separate communication in this regard will be communicated along with Financial Results for the quarter and year ended 2019-20

Kindly acknowledge the receipt.

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