The Government of India announced Lockdown in India to contain the spread of Covid-19 disease. Accordingly the manufacturing and other activities were closed from March 22nd 2020. While the lockdowns and restrictions imposed on various activities were necessary to contain the spread it has significantly impacted the business operations of the Company. Consequently revenues and profitability have been adversely affected.
But there have been no change in the controls and processes.
We have received special permissions to operate our Vemagal Kolar Plant at Karnataka with effect from May 11th 2020 and the other three plants at DLF Industrial Area Prithla Palwal and Ballabgarh Plants at Haryana have been opened with effect from 18th May 2020 but with reduced workforce and in strict compliance with the guidelines/protocols suggested by Ministry of Health and the other relevant authorities.
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