In view of the lockdown in many of the States across the country in order to prevent & contain the spread of COVID-19, the operations at the companys's plants in the states of Kerala (at Kalamassery & Perambra), Gujarat (at Limda) and Tamil Nadu (at Chennai) are shut down till March 31, 2020.
Further, "the employees and other staff in various offices have been instructed to work from home. The expected financial impact of the above is not ascertainable at this stage. The duration of this shutdown will depend upon directives to be further issued by the respective Government authorities in this regard" the compay informed.
The Company will continue to closely monitor the situation and take appropriate action as per regulatory guidance.
The stock is currently trading at Rs77.20, down by Rs1.35 or 1.72% from its previous closing of Rs78.55 on the BSE.