Corporate Announcement
Security Code : 520008    Company : RICOAUTO    
 
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Download PDF Download XBRL
  Exchange Received Time  30/05/2018 17:06:15         Exchange Disseminated Time   30/05/2018 17:06:20              Time Taken   00:00:05
In continuance to our earlier letter dated 28th March, 2018, It is hereby informed that the Company had applied to the concerned Authority under Industrial Dispute Act, 1947, for its approval, for closure of Machine Shop-I, the loss making undertaking situated at Dharuhera (Haryana). The approval as sought has been received from the Principal Secretary to Government, Haryana, Labour Department, vide their Order dated 25th May, 2018. This loss making undertaking (Machine Shop-I) in Dharuhera Plant will be closed subject to compliance of necessary regulatory provisions.

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