Due to comfortable liquidity position, the company is servicing its debt and other financial obligations in a timely manner. The company has sufficient unutilised banking lines to draw down in case of further requirements. The company has been maintaining sufficient liquidity to discharge its obligations and have enough capital and adequate banking limits in place.
The company has gradually re-started its operations across its manufacturing sites, warehouses and offices. The company has also re-started its operations at Navi Mumbai in line with the Central, State and Municipal Authorities guidelines.
“The company had also put in place the necessary protocols for the safe start-up of operations at its manufacturing sites. The company intends to follow a phase wise ramp-up approach keeping in mind the safety of its employees and in compliance with Government requirements for social distancing. As of now, only critical staff has resumed work at the company’s offices after approval from their respective line managers,” company said.