Bhagwati Autocast Limited has temporarily suspended manufacturing operations at its plant located at Survey No. 816, Village: Rajoda, Near Bavla, District Ahmedabad – 382220, Gujarat, India. The shutdown was necessitated by heavy rainfall and flooding in the region over the preceding two days.
The water level has started receding, and the company has initiated necessary restoration activities. However, normal manufacturing operations are expected to take a few days to resume fully. The company is currently assessing the extent of any potential damage to its plant, machinery, inventory, and other assets. The disclosure explicitly states that all company assets are adequately insured.
The company is closely monitoring the situation and taking all necessary measures to restore operations at the earliest. Bhagwati Autocast has committed to keeping stock exchanges informed of any material developments, including the resumption of normal operations, as required.