Date: September 29, 2026
Insurance Settlement Update
Jyothy Labs Limited has received settlement of its insurance claim related to a fire incident that occurred at the Company's C&FA-operated warehouse located at Patiala, Punjab. The fire incident was previously intimated to the exchanges on May 2, 2026.
Financial Impact Details
- Insurance Amount Claimed: ₹7.33 Crores
- Insurance Amount Realized: ₹6.63 Crores
- Insurance Company: ICICI Lombard General Insurance Co. Limited
- Actual Amount of Damage Caused: ₹7.33 Crores
- Date of Receipt: September 29, 2026
Business Continuity Measures
Following the fire incident, the Company implemented necessary measures including:
- Clearing the affected area
- Arranging alternate warehousing facilities
- Ensuring continuity of business operations without material disruption
Financial Impact Assessment
Other than the insurance settlement amount of ₹6.63 crores received, there is no other material financial impact on the Company. Business operations were continued without any material disruption through the alternate arrangements made.