Brief: Himatsingka Seide Says Allegations In Reports On Co's Employment Practices, Policies Are "Baseless"

Himatsingka Seide

16/08/2019 15:01

Aug 16 (Reuters) - Himatsingka Seide Ltd  HMSD.NS :
    * REFERS TO NEWS REPORTS CONTAINING CERTAIN ALLEGATIONS
REGARDING
CO AND ITS EMPLOYMENT PRACTICES AND POLICIES
    * HIMATSINGKA GROUP CLARIFIES THAT ALLEGATIONS LEVIED ON
COMPANY
ARE "ABSOLUTELY FALSE AND BASELESS"
    * COMPANY IS IN COMPLIANCE WITH ALL REGULATORY AND STATUTORY
REQUIREMENTS
    * CONCERNED DEPARTMENTS FROM KARNATAKA GOVERNMENT AUDITED
CO'S
MANUFACTURING FACILITIES, DID NOT FIND NON-COMPLIANCE WITH ANY
REGULATIONS
    * COMPANY IS IN COMPLIANCE WITH REGARD TO ALL WAGES, BONUSES
AND
OTHER STATUTORY REQUIREMENTS
    * NO FORMAL COMPLAINT RECEIVED EITHER THROUGH INTERNAL
COMPLAINTS
COMMITTEE OR INTERNAL GRIEVANCE COMMITTEE

Source text: http://bit.ly/2Z1nVG3
Further company coverage:  HMSD.NS 

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