“At present the impact assessment of Covid-19 is a continuing process given the uncertainties associated with its nature, event and duration. The company shall continue to monitor any material changes to future economic, business and financial condition on continuing basis and its impact on business, if any, and shall take all possible measures to protect the interests of the company and its stakeholders,” company said.
It further said that Covid-19 (Coronavirus) unprecedented pandemic has caused serious disruption on the economic and business around the globe. This has resulted in significant reduction in financial and business activities worldwide including India. There is a huge uncertainty with regard to its impact which cannot be reasonably determined at this stage.
The company is taking various measures to ensure the safety and well- being of all employees and is ensuring compliance with the directives issued by the Central Government, State Governments and local administration from time to time.