Though the cash flows were initially disrupted and under stress in Q1, they are improving and slowly returning to normalcy. Nationwide lockdown affected adversely the supply of material, availability of labour, transportation etc. However, the same improved as the lockdown was eased.
All plants of the Group were shut down on March 23, 2020 only to restart at considerably lower productivity between April 8 and April 25, 2020. The company took necessary precautions to ensure hygiene, safety, and wellbeing of all our employees at all plants have been implemented.
Subsequent to receipt of permissions from the authorities, the company resumed operations in plants in phased manner. Many employees of its offices are still working from home.
Chembond Chemicals Ltd ended at Rs151.20, up by Rs3.2 or 2.16% from its previous closing of Rs148 on the BSE.