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Pranavaditya Spinning Mills declares temporary lockout at factory

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Capital Market

With effect from 15 November 2016

Pranavaditya Spinning Mills announced that due to continuation of unjustified acts of workers, it was impossible for the management to operate the plant in a normal manner and hence, the Management of Pranavaditya Spinning Mills was forced to declare a temporary lock out in the Company, Gt No. 266, Alate, Taluka Hatkanangale, District Kolhapur with effect from 15 November 2016. As a result of lock out, w.e.f. 15 November 2016, the production at the Factory of the Company has been completely stopped.

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First Published: Nov 16 2016 | 4:47 PM IST

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