LGB Forge Limited announced that reference to earlier intimation dated January 18, 2024 and February 01, 2024 wherein the company had intimated that the operation of the Plant situated at Plot 80 & 81, 5th Mile, KRS Road, Metagalli Post, Mysore ­ 570 016 would be stopped due to one day token strike announced by the Employees' Union on February 1, 2024 followed by indefinite strike from February 8, 2024. The Management was in continuous discussion with the Employees' Union and the matter was brought to the notice of Labour Commissioner. There were conciliation happening between the either party and as per the instructions from the Labour Commissioner, the strike was put on hold.

The Management is closely in negotiation with the Employees' Union to resolve the issue amicably and any further notice on the same subject would be intimated to the Stock Exchanges immediately.