Business Update20 May 2026, 05:41 pm
Voith Paper Fabrics: Additional ₹14.54 Million Gratuity Provision
AI Summary
Voith Paper Fabrics India Ltd. has completed a detailed impact assessment of the new labour codes and recorded an additional gratuity provision of ₹14.54 million as an exceptional item for the quarter ended March 31, 2026. This is in addition to the previously disclosed ₹36.43 million for the quarter ended December 31, 2025. The company will continue to monitor and evaluate the impact of rules notified by the Central/State Governments post March 31, 2026.
Key Highlights
- Voith Paper Fabrics records additional ₹14.54 million gratuity provision.
- Provision relates to new labour codes impact assessment.
- Total gratuity provision now stands at ₹50.97 million.
- Impact disclosed as exceptional item in Q4 FY26.
- Company will continue to evaluate new labour code impacts.
Price Impact
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