Event Details
The company's manufacturing plant located at Silvassa (Dadra & Nagar Haveli), U.T. – 396230, has been affected by flood-like conditions caused by unprecedented heavy rainfall in Silvassa during the last 48 hours. The extreme rainfall caused severe waterlogging and flooding across several parts of Silvassa.
Impact Assessment
The company is currently assessing the impact of this natural calamity on its assets, operations, and production. The extent of the impact is being evaluated as of the disclosure date. Appropriate measures are being taken to restore normal operations at the earliest.
Insurance Coverage
The company has adequate insurance coverage for the incident, which has been intimated to the insurance company. The disclosure does not specify the insurance amount or coverage details.
Location Details
The affected unit is Unit No. 2, located at Plot No. 2, Survey No. 678/1/3, Village Naroli, Silvassa (D & N H)-396230, U.T., Gujarat.
Financial Impact
Financial impact not quantified in the disclosure. The quantum of loss/damage is under assessment.
Forward Statement
The company will keep the stock exchanges informed of any material developments as required under SEBI (LODR) Regulations, 2015.