Samvardhana Motherson International Issues Clarification Regarding Labour Protests in Noida
Samvardhana Motherson International Ltd released a clarification regarding recent labor developments appearing in electronic and print media concerning protests in Noida, Uttar Pradesh, and similar incidents in other cities.The company stated that the ongoing protests are viewed as a broader labor issue affecting multiple industries in Noida and other cities, primarily driven by misinformation regarding wage revisions.
Samvardhana Motherson International Ltd confirmed that its operations continue to be fully compliant with all applicable laws, noting that the situation has no material impact on the company. The group emphasized that the safety of its employees remains its top priority.
The company added that authorities are working closely with the industry to restore normal operations as quickly as possible.
MOTHERSON Stock Price Movement
Samvardhana Motherson International Limited shares today slipped by 2.36% to settle at ₹119.11. The equity saw notable activity, with a total volume of 42.05 million shares traded.Source:
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