KEI Industries Limited announced that operations of the Plants situated at Rakholi and Chinchpada are partially affected due to stoppage of production, in view of strike announced by Labour with effect from 19 June, 2024. However, there is no strike at other plants. The Company is in continuous discussion with the concerned Labour Contractors /Workers to resolve the issue amicably as soon as possible and will provide update on further developments in due course.

Reasons for Strike: The reason for strike is higher wage among other demands which is completely unwarranted.