Indo Rama Synthetics (India) Limited informed that operations of the Company are partially affected due to temporary stoppage of production, in view of strike announced by one of the Contract Labour Union. The Company is in continuous discussion with the concerned Contract Labor Union to resolve the issue amicably as soon as possible. Factory /Unit where the strike is A-31, MIDC Industrial Area, Butibori,Nagpur-441122, Maharashtra.

Reason of Strike: Illegal strike by Contract Labor Union towards demand submitted to Labour Commissioner, Butibori, Nagpur. Estimated impact on the production/operations in case of strikes/lock units is Production stand reduced by 350 TPD.