Sundrop Brands Limited has informed the Exchange about Action(s) initiated or orders passed by Presiding Officer of the Industrial Tribunal, Vadodara (Bharuch Sitting)
SUNDROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sundrop Brands has disclosed an order dated 7th August 2025 from the Presiding Officer of the Industrial Tribunal, Vadodara (Bharuch sitting), directing the company to increase basic pay, HRA, conveyance allowance, and education allowance for workers at its Jhagadia plant in Bharuch, Gujarat. The dispute was originally referred by the Gujarat Labour Commissioner in November 2021, based on demands raised by two worker unions regarding higher pay and benefits. The company says it has been paying the minimum wages prescribed under the Minimum Wages Act and is currently studying the order. The company has not yet received an official copy of the order and only downloaded it from the tribunal's website. Sundrop Brands has stated it intends to file an appeal against the order on both legal and merit grounds.
This is a labour-related matter and the financial impact has not been quantified. An adverse order could raise wage costs at the Jhagadia plant if upheld, but the company is appealing, so the immediate impact on shareholders or the stock is likely limited. Investors should watch for updates on the appeal outcome.