iEnergizer continues to trade 'effectively' amid Indian lockdown

Technology and media solutions group iEnergizer said on Monday that it has continued to operate effectively since the Indian government decision to impose a nationwide lockdown on 25 March to curb the spread of Covid-19.

iEnergizer stated it had taken "important steps" to ensure that it was well-positioned to fully support the requirements of its clients and staff - with the business operating at 80% to 90% efficiency on all services and the majority of its employees now successfully transitioned to remote working.

"Whilst it is difficult to predict how long India will remain in some form of lockdown and the long-term economic repercussions of Covid-19, the group's balance sheet, net cash position along with our long-term customer relationships remain strong," said iEnergizer.

The AIM-listed group added that it remained in discussions with clients to ensure it can meet their needs and requirements throughout the "unprecedented period".

"The situation is improving whilst the lockdown measures ease with some employees returning to the group's offices," added iEnergizer.

"This provides the directors with confidence that the group's operational efficiency will increase to normal levels as the Government of India continue to reduce the lockdown measures."

As of 0930 BST, iEnergizer shares had ticked up 0.88% to 205.80p.