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Lyka Labs Ltd. — Regulatory Filings 2020
Jun 5, 2020
62602_rns_2020-06-05_4c23864d-02f0-4154-8b16-21f7328ec07b.pdf
Regulatory Filings
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05[th] June, 2020
The BSE Limited The National Stock Exchange of India Ltd 1st floor, New Trading Ring Exchange Plaza, 5[th] Floor Rotunda Bldg, P.J Towers Plot No. C/1, G. Block Dalal Street, Mumbai -400 001 Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Script Code: 500259 Script Code: LYKALABS
Dear Sir/Madam,
Sub: Disclosure under regulation 30 of SEBI (Listing Obligations and Disclosures Requirements), 2015
Re: Impact of COVID-19
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Due to COVID-19 epidemic, the Government has declared Locked down but allowed the pharma company to operate the factory, however, the presence of workers at a factory was very low, as a result, the production at Ankleshwar Factory has been badly affected. The plant was running at 40% of its capacity.
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There has been interruption in supply of raw material and packing material to the Factory.
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The parties who have placed orders with the Company have deferred the execution of orders, as a result, the sales has been affected and created liquidity crunch.
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The administrative office and R&D center of the Company at Mumbai has been closed due to locked down and at present, it is partially operating.
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The Company has to bear interest cost and fixed overheads by way of rent of the Office premises and R&D center affecting liquidity position.
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The performance of the Company continuing to be affected during locked down.
We request you to take the same on record.
Thanking You, Yours faithfully,
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Piyush Hindia Company Secretary & Compliance Officer
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CIN: L24230GJ1976PLC008738