News for Regency Ceramics Limited (REGENCERAM.NS)

In 2012, a labour unrest broke out in the Yanam plant wherein workers set ablaze machinery, vehicles, raw material, finished goods and records of the company, causing Regency Ceramics to declare a lockout

After 11 yrs, Regency Ceramics is back in business. Political vendetta & a complex legal system caused the company to close in 2012. The dispute between the company & insurer went to arbitration & the 3-judge bench ruled in favour of Regency. The ₹120-cr revival plan begins this year & all 4 lines will be ready by 2024. The promoters are confident of success & dealers are delighted.