Windsor Machines Limited has informed the Exchange regarding the intimation of ex-gratia payment to Chhatral Union Workers on shifting of shifting of Chhatral Manufacturing Facilities of the Company under regulation 30 of SEBI Listing Regulations, 2015
WINDMACHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Windsor Machines Limited will make a one-time ex-gratia payment of ₹487 Lakh (around ₹4.87 crore) to workers at its Chhatral Manufacturing Facility in Gandhinagar. The payment is being made as the company shifts operations from Chhatral to a new manufacturing facility located at Village Chibhada, Lodhika, Rajkot (Gujarat). The move is aimed at maintaining industrial harmony and supporting workers affected by the facility closure. This follows an earlier board meeting outcome dated April 2, 2025 regarding the relocation decision.
The ₹4.87 crore ex-gratia payout is a one-time cost associated with the plant relocation and is relatively small for the company. Shareholders should view this as a routine transitional cost; the focus should be on the new Rajkot facility's commissioning and operational efficiency going forward.