Dear Sir
Further to our intimation dated 14.08.19 regarding upgradation of Companys manufacturing unit at Gandhidham Gujarat and migration of all production from the companys Uthiramerur Tamil Nadu facility to Gujarat we wish to inform you that the manufacturing facility at the Companys Uthiramerur Facility has now been completely shut down.
We provide herein below the intimation as per the requirements specified under Para B of Part A of Schedule III of SEBI (LODR) Regulations 2015:
1.Date of complete closure of manufacturing: 16.12.2019
2.Reason for the closure: Transfer of production to the Companys fully integrated and automated plant at Gandhidham Gujarat.
3.Impact of the closure: No impact from the production standpoint. The production capacity will be absorbed into the recently modernized Gujarat facility. Further the Company expects an ongoing enhancement in its manufacturing margins due to more efficient production processes and elimination of duplicated overheads.
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