This disclosure, made under SEBI Listing Regulations (Regulation 30), provides an update on the insurance claim process related to a fire accident that occurred at the company's factory in Jamnagar, Gujarat. The initial disclosure was made on 6th February 2024, with subsequent updates on 22nd February 2024 and 4th September 2026.
SBI General Insurance Company Limited has sanctioned and released a partial insurance claim amounting to ₹3,59,70,788 (Three Crore Fifty Nine Lakhs Seventy Thousand Seven Hundred Eighty Eight Rupees only) against the claim lodged by the company.
The insurance company has indicated that the balance amount of the claim is not admissible for settlement. Accordingly, the company has decided to write off a portion of the unrecovered insurance claim amounting to ₹1,77,15,323 (One Crore Seventy Seven Lakhs Fifteen Thousand Three Hundred Twenty Three Rupees only) from its books of accounts.
The company states it will continue to pursue the matter with the insurance company through regular follow-ups for reconsideration and settlement of the remaining claim amount. Any further developments related to this incident will be communicated to stakeholders.
The document is signed by Rohankumar Jitendra Raiyani, Managing Director (DIN: 08814726), and was digitally signed on 13th November 2026 at 19:21:27 IST.