KDDL Limited announced that in the wake of COVID-19 outbreak and directives by Government authorities and management assessment of prevailing situation, the company have decided to shut down offices and manufacturing units situated in the state of Himachal Pradesh, Punjab, Karnataka, Chandigarh and New Delhi . The manufacturing units will be under shutdown till 31st March 2020 and the position will be reviewed next week based on further developments. Further, the company announced to inform that at material subsidiary Ethos Ltd. which is in the business of Watch retailing, watch stores saw muted footfalls in the last few weeks and now all stores are closed following the shutdown directive of various authorities. The shutdown of retail stores will continue as per Government directives.