Ruby Mills resumes weaving ops at Dhamni Plant after illegal strike
Ruby Mills Ltd workers resumed work at the Dhamni Plant weaving division on July 07, 2026, ending an illegal strike that began on June 29, 2026. The resolution followed an undertaking given by the workers along with interventions by the local Labour Commissioner's office and police authorities. The company estimated a loss of standing charges of approximately Rs 35 Lakhs and is approaching the Regional Industrial Labour Court, Thane, for further action.
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Ruby Mills Ltd workers resumed work at the Dhamni Plant weaving division on July 07, 2026, ending an illegal strike that had begun on June 29, 2026. The resolution followed an undertaking given by the workers along with interventions by the local Labour Commissioner's office and police authorities. The strike was confined to one department of the Dhamni Weaving Division situated at Dhamni, Taluka Khalapur, District Raigad, Maharashtra, while other manufacturing operations continued unaffected.
Background and Impact
The work stoppage was linked to an ongoing wage settlement process where a draft settlement had been circulated but not yet executed. The Spinning Division and Processing Division remained fully operational throughout the strike period. The company has estimated a loss of standing charges of approximately Rs 35 Lakhs attributable to the disruption.
Regulatory Disclosures
The company submitted a filing to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Industrial Court had previously issued an order restraining workers from obstructing work and gathering around the factory. The company is now approaching the Regional Industrial Labour Court, Thane, for necessary further action regarding the illegal strike.
Key details of the disclosure are summarised below:
| Particulars | Disclosure |
|---|---|
| Insurance Amount Claimed | Nil |
| Actual Amount of Damage | Loss of standing charges of about Rs 35 Lakhs |
| Steps Taken to Restore Normalcy | Intervention by local Labour Commissioner, Police Authorities, and workmen's advisors |
Management stated that it expects the restoration of normalcy and peaceful operations going forward. The company 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 |
|---|---|---|---|---|---|
| -0.58% | -2.08% | +20.09% | +112.69% | +65.43% | +192.52% |
What is the expected timeline for the final execution of the draft wage settlement to prevent future labor disputes?
How will the company recover the Rs 35 Lakhs lost in standing charges, and will this impact Q2 profitability?
What specific legal actions is the Regional Industrial Labour Court likely to pursue regarding the illegal strike?
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