With reference to its letter dated January 27, 2020, Disclosure regarding the Lockout declared at Alibaug Plant and pursuant to Regulation 30 read with Part A of Schedule III of the Listing Regulations, Nitco has informed that the Company had entered into Memorandum of Settlement with the Nitco Tiles Kamgar Sanghatana (Alibaug workmen/labour union) and amicably concluded an understanding in the best interest of the Company and its stakeholders. The Company had provided to the workers due compensation. In this regard, both parties had withdrawn all the cases, litigations or legal proceedings which were pending before any Court, forum or statutory authority.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Kajaria Ceramics | 1175.00 |
Somany Ceramics | 620.65 |
Cera Sanitaryware | 6789.15 |
Asian Granito India | 59.30 |
Pokarna | 455.15 |
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