During the period from 29th November, 2019 upto 05th December, 2019, a group of certain employees at Lonand Unit of Bharat Gears Ltd remained themselves absent from the duties of the Company during various shifts in an unauthorized manner.
The aforesaid acts of the employees have been construed as subversively of discipline & misconduct as per the rules of the Company and all the absenting employees had been advised to resume their duties immediately and start the production activities in the Lonand Unit of the Company.
During the absenteeism of above group of employees, the Company has made necessary alternate arrangements to ensure the continued operations at the said Unit.
The intimation of the aforesaid activities by the employees had been served to the Assistant Labour Commissioner, Satara and Senior Police Inspector, Police Station, Lonand respectively for their information and necessary action required, if any.
Shares of BHARAT GEARS LTD. was last trading in BSE at Rs.64.4 as compared to the previous close of Rs. 65.35. The total number of shares traded during the day was 2014 in over 36 trades.
The stock hit an intraday high of Rs. 67.8 and intraday low of 64.3. The net turnover during the day was Rs. 131354.