Gokaldas Exports expects temporary disruption on business amid recent surge of Covid-19 cases in China

1 Apr 2022 , 01:46 PM

Gokaldas Exports Ltd has informed that consequent to the sudden surge of COVID-19 cases in Shanghai and other centres in China, the authorities have imposed stringent pandemic restrictions. In general, this has caused backlog of shipping containers and repercussions have adversely impacted the global supply chains across companies, said company.

Further, in a regulatory filing the company said, “This may cause delays in receipt of key raw material components required for the company’s production. While the company assumes the disruption to be temporary, the extent of lockdown and its impact is presently unknown.

Overall, the company expects two weeks delay in imported raw material delivery schedules from the planned date, possibly impacting production partially in the short term.”

At around 1:47 PM, Gokaldas Exports was trading at Rs399 apiece down by Rs5.45 or 1.35% on the BSE.