Nature of the Disclosure
This is a regulatory filing submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It intimates the receipt of an insurance claim settlement amount related to a previously disclosed fire incident.
Details of the Event and Insurance Process
- The fire incident occurred at one of the company's manufacturing facilities, specifically at 35-A/36, Sector-B, Industrial Area, Mandideep District, Raisen - 462046, Madhya Pradesh, India.
- The incident was previously disclosed to the exchanges on October 17, 2025.
- The fire resulted in damage to Plant & Machinery, inventories, and other assets.
- The company informed Cholamandalam MS General Insurance Company Limited immediately after the incident.
- The insurer appointed an independent surveyor to assess and quantify the loss.
Key Quantitative Figures
- Insurance Claim Settlement Amount Received: ₹1,84,55,527 (Rupees One Crore Eighty-Four Lakh Fifty-Five Thousand Five Hundred and Twenty-Seven Only). This amount was received from Cholamandalam MS General Insurance Company Limited and is stated as a full and final settlement.
- Surveyor's Assessment of Actual Damage: ₹3,26,60,008 (Rupees Three Crore Twenty-Six Lakh Sixty Thousand and Eight Only).
- Loss Booked in Company's Accounts: ₹1,36,54,993 (Rupees One Crore Thirty-Six Lakh Fifty-Four Thousand Nine Hundred and Ninety-Three Only).
Impact and Operational Status
- The receipt of the insurance claim amount is stated to substantially mitigate the financial impact arising from the incident.
- The company confirms that there is no material adverse impact on its overall operations, business continuity, or financial position as a result of the incident.
- Immediately after the fire, the company undertook necessary precautionary measures to contain the situation and minimize operational disruption.
- Restoration activities at the affected Mandideep manufacturing facility were initiated promptly, and operations were restored in a phased and timely manner.