Indo Tech Transformers Limited announced that production operations of the company have been temporarily halted in the company factory's premises located in Kancheepuram with effect from April 29, 2024, on account of the disturbances caused by the workers owing to the difference of opinion in computation in the VDA (Variable Dearness Allowance). It is further informed that the difference of opinion between the management and the workers is being resorted by way of conciliation application before the Assistant Commissioner of Labour (ACL) of the relevant jurisdiction and the same is posted for hearing on May 03, 2024. The company announced that the other business operations of the Company continued as usual and were not impacted on account of the abovementioned disturbances.

The company further submit that the further course of proceedings before the ACL and outcome of the hearing shall be disclosed to the Stock Exchange from time to time.