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 In this regard, both parties had withdrawn all the cases, litigations or legal proceedings which were pending before any Court, forum or statutory authority.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 | 1178.20 |
| Somany Ceramics | 441.15 |
| Cera Sanitaryware | 5332.20 |
| Asian Granito India | 75.34 |
| Pokarna | 928.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: