Pranavaditya Spinning Mills informs about company updates

With reference to the letter dated November 02, 2016 regarding intention to effect a lock out in the Company with effect from November 15, 2016, Pranavaditya Spinning Mills has now informed that due to continuation of unjustified acts of workers, it was impossible for the management to operate the plant in a normal manner and hence, the Management of Pranavaditya Spinning Mills was forced to declare a temporary lock out in the Company, Gt No. 266, Alate, Taluka Hatkanangale, District Kolhapur with effect from November 15, 2016. As a result of lock out, with effect from November 15, 2016, the production at the Factory of the Company has been completely stopped.

The above information is a part of company’s filings submitted to BSE.