In Compliance with Regulation 30 read with Schedule III Part A Para B of SEBI ( Listing Obligations and Disclosure Requirements) Regulation ,2015, corporate announcement is hereby given ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GKB Ophthalmics has cut production at its Goa plant to 50% due to sluggish market demand and the complete stoppage of export orders from its US subsidiary starting October 2025, attributed to heavy tariff impositions. The company is phasing out temporary workers to reduce labour costs and will reassess operations in coming months. Separately, the company has been selected by the Plastics Export Promotion Council (Department of Commerce, Government of India) to receive the Export Excellence Award in the 'Hard Resilience Lenses' category for FY2023-24 and FY2024-25, with the ceremony scheduled for 7th November 2025.
This is a clearly negative development for shareholders — a 50% production cut, loss of US subsidiary export orders, and workforce reduction point to significant revenue and margin pressure in upcoming quarters, though the export award provides some positive brand recognition for past performance.