The Company has been taking necessary precautionary measures at all its locations against the spread of Novel Coronavirus (COVID-19) from time to time as directed by the Government; the employees in the Company's offices had been asked to “Work from Home” as the offices across India are closed.

The Company continues to carry on production in its manufacturing units in India with the permission of the local authorities and the operations at its Plants have been scaled down with reduced capacity utilization as there are disruptions in international markets as well. In this evolving situation, the overall adverse impact on the operations of the Company is not immediately assessable. The Company continues to closely monitoring the situation and would take necessary actions as might be required in the then prevailing circumstances as per the directives issued by the Government authorities.