Brief: Cadsys (India) Says Fire Mishap At Hyderabad Facility
13/10/2023 10:56
Oct 13 (Reuters) - Cadsys (India) Ltd CADS.NS :
* FIRE MISHAP AT CADSYS (INDIA) LIMITED'S HYDERABAD FACILITY
* NO REPORTED INJURIES AS ALL STAFF MEMBERS HAVE BEEN
EVACUATED
SAFELY
* THERE HAS BEEN DAMAGE TO PROPERTY, EQUIPMENT AND RECORDS
OF
COMPANY
* EXTENT OF DAMAGE IS STILL BEING EVALUATED BY OUR FACILITY
MANAGEMENT TEAM AND FIRE DEPARTMENT
* SHIFTED OUR OPERATIONS TEMPORARILY FROM EFFECTED PLACE
* EMPLOYEES CONTINUE THEIR OPERATIONS FROM ALTERNATE PLACE
SMOOTHLY
* SHUT DOWN POWER AND HENCE OPERATIONS AT FACILITY HAVE BEEN
TEMPORARILY SUSPENDED
* IT TEAM HAS RESTORED ALL SERVERS TO OTHER FACILITY
* THERE WILL BE NOT MUCH IMPACT ON REVENUES AND CASH FLOWS
* FULLY CONFIDENT THAT OUR GROWTH TRAJECTORY WILL NOT BE
IMPACTED
DUE THIS INCIDENT
* WE EXPECT MINOR DELAYS IN GETTING SUPPORT TO US OPERATIONS
FROM
INDIAN FACILITY FOR COUPLE OF DAYS
Source text for Eikon: ID:nNSEb0sW6S
Further company coverage: CADS.NS
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