Owing to the outbreak of Corona Virus (COVID-19), with a view to protect its employees, the local management of Graphite Cova GmbH German group of companies, (our wholly owned subsidiaries in Germany) has decided to gradually and completely shut down production in the course of next week beginning Monday, 23rd April 2020. The closure, as of now would be till 13th April 2020. Whether the work can be resumed on 14th April 2020 or this phase would need to be extended would be decided by the Graphite Cova group management, Germany on or before 13th April 2020.
In view of the prevailing force majeure conditions, financial impact of the above is not ascertainable at this stage. We would keep you informed of the developments if any, in this regard.
Shares of GRAPHITE INDIA LTD. was last trading in BSE at Rs.129.65 as compared to the previous close of Rs. 130.9. The total number of shares traded during the day was 180418 in over 4406 trades.
The stock hit an intraday high of Rs. 134.85 and intraday low of 124.95. The net turnover during the day was Rs. 23515385.