CLASSIC

Classic Diamonds (India) Limited has informed the Exchange that the Company's Factory at Surat has not been operational fully from the past two months and that the same has been shut down completely from around the second fortnight of the last month. Previously the Company was a site holder with DTC and used to procure rough diamonds in significant quantities for which company required huge production capacity. In the recent past the Company has surrendered its Site with DTC. As the Company is now no longer a site holder, the Company does not require such huge production capacity. With the dec

Classic Diamonds (India) Limited has informed the Exchange that the Company's factory at unit no-138/139, SDF-V SEEPZ Andheri (E) Mumbai-400096 has been facing labour problem due to various reasons. The Company had approached the Industrial court and filed a complaint against the Trade Union as also against the workmen. The Company had issued notice of lock-out dated November 21, 2011. The Industrial court has vide its order dated November 25, 2011 upheld the said notice of lock-out. The Company has suspended its operation from November 21, 2011 to December 08, 2011 as per the Notice of Lockou