Board reviews labour unrest and corrects land valuation report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board met on 11 July 2026 and took two key updates. First, labour unrest at company operations is mostly resolved through talks, with remaining issues expected to close by month-end and normal operations to resume. Second, the Board approved a revised valuation report for its 38.91-acre land in Andhra Pradesh, valued at about Rs. 4.67 crore. The earlier report from December 2025 was withdrawn because it missed survey numbers on the AP Government's prohibited list. The company will use the lower of the revised value or the original acquisition cost going forward.
Labour resolution should restore normal business. Land valuation correction reduces book value of assets but brings transparency on prohibited survey numbers.