Goa Carbon Limited has informed the Exchange about the Order Sheet issued by the Hon'ble Labour Court, Bilaspur
GOACARBON · price
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Goa Carbon's Bilaspur unit received an order sheet from the Labour Court in a case filed by the spouse of a contractor's workman under the Employees' Compensation Act, 1923. The case has been disposed of after the company paid a settlement compensation of Rs. 11,00,000 (Rs. 11 lakhs). The matter now stands closed with no further proceedings pending. The company has clarified that this settlement does not adversely impact its financials, going concern status, or business operations.
This is a minor, routine labour-related settlement with negligible financial impact (Rs. 11 lakhs is immaterial relative to the company's size). No material effect expected on shareholders or stock price.