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Chemicals Business of Uflex assessed for ISO 31000:2018 Risk Management System

Posted On: 2018-08-20 17:13:27

Chemicals Business of Uflex Limited a leading supplier of Inks, Adhesives and Speciality Coatings, is one of the first few companies in India to be assessed and found to be in agreement with the Risk Management Principles & Guidelines as per ISO 31000:2018.

ISO 31000:2018, Risk management guidelines provides principles, framework and a process for managing risk. The assessment of the Risk Management ISO 31000:2018 was carried out by DNV-GL.

Voicing his pleasure over this development, Rajesh Bhasin, Business Head, Chemicals at Uflex Limited said, in this rapidly changing world, businesses are continuously exposed to newer risks and in order to deliver committed business objectives to stake holders, we ensure that all current and future material risk exposures are identified, assessed, mitigated, monitored and reported."

Acknowledging Team Chemicals effort at this outstanding achievement, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, "This framework helps not only improve our competence to deal with forthcoming challenges but also embeds it in our business management philosophy, thereby increasing the operational efficiency and delivery of overall objectives of the company."

Shares of UFLEX LTD. was last trading in BSE at Rs.330.65 as compared to the previous close of Rs. 315.85. The total number of shares traded during the day was 42660 in over 1348 trades.

The stock hit an intraday high of Rs. 334.45 and intraday low of 315.95. The net turnover during the day was Rs. 13994321.


Source: Equity Bulls

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