LML Ltd has informed BSE that due to circumstances beyond the control of the Company including but not limited to major decline in exports to Egypt on account of, inter alia, ongoing socioeconomic issues in that country and to Europe where there is overall recession, the continuing delay in the approval of the revival scheme and its adverse effect thereto and domestic market for conventional scooters becoming virtually nonexistent, the Company has declared lay-off for an initial period of 30 days with effect from September 09, 2015.
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