Are Companies Required to Declare 1st May and 2nd October as Holidays? Seeking Insights from HR Peers

Hi, I know this query has been raised many times in the past, but whenever I work on preparing a holiday list for the new year, this question always comes to mind. This is regarding whether a company has the option to not declare 1st May and 2nd October as holidays. I know they are public holidays, but in the last two years, I have observed that many companies have a working day, especially on 2nd October.

We are a Pune-based IT company. We have a policy of declaring 10 paid holidays a year, and I am in the process of finalizing the list. I am requesting inputs from members.

Regards, Gia

Holiday List Preparation According to State Guidelines

Please make the holiday list as per the Shop and Establishment Act of your state. If you belong to Maharashtra state, then the state holiday list has already been declared. Please follow the state guidelines. Enclosed herewith is the notification for holidays.

Regards,
Ashish Thakkar