PBM Polytex resumes operations at BLP Super Spinners unit

0 min read     Updated on 15 Jun 2026, 05:24 PM
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AI Summary

PBM Polytex resumed operations at its BLP Super Spinners unit on June 15, 2026, after an illegal sit-down strike that began on June 2 was called off. The company informed BSE that full operations have resumed.

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PBM Polytex resumed full operations at its BLP Super Spinners unit on June 15, 2026, after an illegal sit-down strike initiated by workers was called off. The strike, which began on June 2, 2026, had disrupted activities at the facility located in Petlad, Gujarat. The resumption marks a return to normalcy for the textile manufacturer's production capabilities.

The company disclosed the development to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing confirmed that operations at the unit have fully resumed following the end of the industrial action. The unit is a key operational asset for PBM Polytex , contributing to its manufacturing output.

Key Dates

Event Date
Strike Initiated June 2, 2026
Strike Called Off June 15, 2026
Operations Resumed June 15, 2026

The resolution of the strike eliminates the risk of prolonged production losses for the company. PBM Polytex has not disclosed the specific reasons for the strike's resolution or the terms of the agreement with the workers. The filing was signed by Swati Billore, Company Secretary & Compliance Officer.

Historical Stock Returns for PBM Polytex

1 Day5 Days1 Month6 Months1 Year5 Years
-2.13%+3.31%-0.89%-2.57%-19.34%-31.10%

What financial impact will the two-week production halt have on PBM Polytex's Q2 2026 earnings?

Will the undisclosed terms of the agreement with workers lead to increased operational costs moving forward?

Does the company anticipate any long-term reputational damage or labor relations instability following this illegal strike?

PBM Polytex director Hari Prasad Siotia passes away

0 min read     Updated on 08 Jun 2026, 12:23 PM
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PBM Polytex Limited announced the demise of its Non-Executive, Non-Independent Director, Mr. Hari Prasad Siotia, on June 7, 2026. Mr. Siotia had been serving on the Board since 1980. The company expressed condolences, noting his contributions were instrumental to its progress.

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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.

Historical Stock Returns for PBM Polytex

1 Day5 Days1 Month6 Months1 Year5 Years
-2.13%+3.31%-0.89%-2.57%-19.34%-31.10%

Who will the board appoint to fill the vacancy left by Mr. Siotia?

How will the company adjust its governance structure following this loss?

Will Mr. Siotia's departure impact any ongoing strategic initiatives?

More News on PBM Polytex

1 Year Returns:-19.34%