PBM Polytex Limited announced the demise of its Non-Executive, Non-Independent Director, Mr. Hari Prasad Siotia, on June 7, 2026. The company disclosed this information to the stock exchange on June 8, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Siotia, who held DIN 00015103, was appointed as a Director of the company in 1980. He had been an integral part of the company's leadership for over four decades. The company acknowledged that his invaluable contributions and guidance were instrumental in its progress.

The Board of Directors and all employees of PBM Polytex expressed their deepest condolences and heartfelt sympathies to the bereaved family. The company described his sudden demise as an irreparable loss.

The intimation was signed by Swati Billore, Company Secretary and Compliance Officer. The filing was submitted through the BSE Listing Centre.

PBM Polytex Limited has reported a complete manufacturing shutdown at its BLP Super Spinners unit after workers resorted to an illegal sit-down strike. The strike began on the night of June 2, 2026, bringing all production activities at the facility to a halt. The company disclosed the development to the stock exchange, citing Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The disruption affects the company's operations at the BLP Super Spinners unit, though the specific financial impact of the shutdown was not detailed in the filing. The intimation was submitted by Swati Billore, Company Secretary & Compliance Officer, on June 3, 2026. The company has not yet provided a timeline for the resolution of the strike or the resumption of manufacturing.

Key Details of the Incident

The situation remains ongoing, and further updates from pbm polytex regarding the duration and financial implications of the strike are awaited.