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| Exchange Received Time 30/01/2018 17:12:42 Exchange Disseminated Time 30/01/2018 17:12:48 Time Taken 00:00:06 | Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015
Pursuant to letter dated 16 January 2018 received by the Company from the Workers Union (Vishwa Kalyan Kamgar Sanghatana), an indefinite Hunger Strike has commenced from 29 January 2018 at Akurdi and Chakan.
The main reasons for the Indefinite Hunger Strike as mentioned in the letter are the pending issue of eight workmen dismissed from the services for various acts of misconduct in 2013 -14 and dismissal of six workmen who did not report at the place of transfer/ deputation in spite of court orders, and delay in conclusion of the wage review process which is due with effect from 1st April 2016.
The matter is pending before the Industrial Court, Pune and High Court of Bombay. |
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