The production activities of the company at Mandapam, Bhilwara were halted from March 22, 2020 till April 27, 2020 due to countrywide lockdown to prevent the spread of Covid-19.
During the quarter ended March 31, 2020, it may face estimated 30% loss of revenue, and could achieve 70% only of our targeted revenue.
“The profitability has been affected badly due to lock down. We are making all efforts for the betterment. The Liquidity position has been affected. We have availed Term Loan installment deferment as allotted by RBI.”