Jtekt India Ltd - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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| 12 Aug 2021 | |
| We hereby inform you that with the objective to achieve manufacturing optimization and quality & cost efficiency, the Board of Directors of JTEKT INDIA LIMITED in their 177th meeting held on 12th August, 2021 have accorded their consent to the manufacturing rationalization activity involving relocation of manufacturing facilities currently located at its Plant situated at 9, Tata Motors Vendor Park, Survey No. 1, Village North Kotepura, Sanand, Viroch Nagar, Ahmedabad 382170 (Gujarat) by 1st October, 2021 to its other facilities at Chennai and Gurugram.<BR> <BR> While the said action doesn't involve any closure of manufacturing facility and it is only relocation of manufacturing facilities to Company's other existing locations; however, we are reporting this event as in the spirit of Corporate Governance.<BR> <BR> It is pertinent to mention here that the said relocation is not expected to have any material and adverse effect on operations of the Company.<BR> <BR> This is for your information and record.<BR> | |
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