This document is a clarification submitted by Gini Silk Mills Limited to BSE Limited in response to an inquiry regarding a delay in disclosing a material event.
The company had previously submitted an intimation to the stock exchange on November 3, 2026, regarding a fire incident. This follow-up letter, dated November 5, 2026, provides an explanation for the delay in that initial disclosure.
Nature of the Event
The event in question is a minor fire incident that occurred on November 1, 2026 (a Sunday), at the company's plant situated at E-15, MIDC, Tarapur, Boisar – 401506, Thane, Maharashtra.
Impact of the Incident
Based on the company's assessment, the incident was minor and promptly brought under control. It is explicitly stated that the incident resulted in no damage to the plant, machinery, stock, or any other assets of the company. The company's operations are continuing normally without any disruptions, and the incident is stated to have no material impact on the overall operations or performance of the company.
Reason for Disclosure Delay
The company attributes the delay in submitting the requisite disclosure to the stock exchange to three primary factors:
1. The incident occurred on a Sunday at the plant in Boisar, which caused a delay in the information being communicated to the company's Head Office in Mumbai and brought to the attention of senior management.
2. Due to the minor nature of the incident and the absence of any damage, time was taken by management to internally assess the nature and materiality of the event to determine the applicability of disclosure requirements under Regulation 30 of the SEBI (LODR) Regulations, 2015.
3. These circumstances resulted in what the company describes as an "inadvertent delay."
Parties Involved
The correspondence is addressed to BSE Limited. The letter is signed by Deepak Vishwanath Harlalka, Managing Director (DIN: 00170335), on behalf of Gini Silk Mills Limited.