The Yamuna Syndicate Limited Announces Intimation of Disruption of Operations Due to Covid-19 Pandemic
May 21, 2021 at 07:17 am EDT
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The Yamuna Syndicate Limited announced that with the spread of the second wave of Covid-19 and lockdowns enforced in various states of the country, the operations of its are temporarily affected and have been scaled down. Apart from limited essential services of Fuel Retail Outlet and Trading in Pesticides (essential commodities), the Company's other trading operations remained shut from May 1, 2021 due to lockdown, which is adversely impacting its operations during the month of May 2021. Some of the Company's pending orders are on hold as per requirements of buyers. Recoveries from debtors from the end of March, 2021 are very slow. The uncertainties have increased as the customer orders have started getting impacted. As the business situation is very dynamic, the Company is closely monitoring it. The Company continues to work closely with its dealers and suppliers to minimize the impact of disruption in operations due to localized lockdown restrictions in various parts of the country. The expected impact on company's business is difficult to assess at present as the situation continues to evolve. However, all operations are in full compliance of the regulatory norms. The Company is following all relevant government directives and guidelines regarding health and safety of the workforce. The company will continuously monitor the implementation of government directives and guidelines at working place. The company is continuously monitoring the situation and is ready with its business continuity plans to be able to quickly resume and scale up operations as and when the situation improves.
The Yamuna Syndicate Limited is an India-based company that is engaged in goods trading activities. It trades in batteries, lubricants, petrol pump, electrical goods, agriculture products, electrical goods and automotive lubes. The Company's segments include Batteries, Oil and Lubricants, Agriculture Products, and other segments. The Batteries segment comprises of battery, scrap battery and ups. The Oil and Lubricants segment comprises of motor spirit/HSD and lubricants. The Agriculture Products segment comprises of pesticides and other agro-chemicals. The other segments include sale of electrical goods, spare parts and accessories. It is trading in the form of distribution of auto spare parts, such as v-belts, seals, antivibration mountings, coolant, radiator hoses and filters, among others. It is an authorized distributor of Gulf Oil Lubricants India Ltd for their automotive lubricants and batteries, for various districts of Himachal Pradesh.