Business Update19 Aug 2026, 04:14 pm
Onida Electronics Factory Workers Resign Under Mutual Settlement
AI Summary
Onida Electronics Ltd has announced a mutual settlement with a permanent workers' union at its Kudus, Wada, Palghar District, Maharashtra factory. As a result, a majority of permanent workmen have tendered their resignation from the company's services, agreeing to the settlement terms. This action is aligned with the company's present business objectives and is being disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Majority of permanent workers at Wada factory resigned.
- Resignations follow a mutual settlement with the workers' union.
- Action aligns with company's current business objectives.
- Disclosure made as per SEBI regulations.
Price Impact
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