Ruby Mills reports work stoppage at Dhamni Weaving Division
Ruby Mills Ltd reported a disruption in operations at its Dhamni Weaving Division after certain workmen abstained from reporting for duty starting June 29, 2026. The work stoppage is linked to the ongoing wage settlement process, where a draft settlement was circulated but not executed by all parties. The company is engaging with labour and police authorities to restore normalcy.
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Ruby Mills Ltd reported a disruption in operations at its Dhamni Weaving Division after certain workmen abstained from reporting for duty starting June 29, 2026. The work stoppage is linked to the ongoing wage settlement process, where a draft settlement was circulated but not executed by all parties. The company is engaging with labour and police authorities to restore normalcy.
The company confirmed that the stoppage is confined to one department of the Dhamni Weaving Division situated at Dhamni, Taluka Khalapur, District Raigad, Maharashtra. Other manufacturing operations, specifically the Spinning Division and Processing Division, remain unaffected and are operating normally. Management stated that necessary steps are being taken to minimise impact on customer servicing.
Regulatory Disclosures
The filing submitted to the exchanges outlined the current status of the disruption and the company's response. The matter is under conciliation before the Assistant Labour Officer, and legal proceedings have been initiated.
| Particulars | Disclosure |
|---|---|
| Expected quantum of loss/damage | The financial and operational impact is currently being assessed as the matter is at an early stage. |
| Insurance coverage | The company does not expect any material loss and the stoppage is not covered by insurance. |
| Estimated impact on production | The stoppage is confined to one department; other divisions continue to operate normally. |
| Location and reason | Dhamni Weaving Division, Dhamni, Maharashtra; due to the ongoing wage settlement process. |
The company stated that it will continue to inform the stock exchanges of material developments in accordance with SEBI regulations.
Historical Stock Returns for Ruby Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.38% | +5.81% | +21.25% | +56.48% | +40.22% | +184.16% |
What is the estimated timeline for the conciliation process to reach a resolution?
How will the prolonged stoppage in the weaving division affect the company's order fulfillment and inventory levels?
What financial provisions or contingencies is Ruby Mills considering for potential wage settlement back-pay?
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