Incident Details
A burglary occurred at the company's factory office located at 57/1, (2-B) & 57/1, (4-B) Benslore Industrial Estate, Dunetha, Nani Daman, Daman and Diu - 396210, India.
Financial Impact Assessment
The company estimates the quantum of loss/damage at approximately ₹44 lakh plus GST. However, the company is still in the process of ascertaining the full extent of damage caused by the burglary.
Insurance Coverage
The damage caused due to the burglary is adequately covered by insurance. The company is in the process of filing insurance claims to cover the damage and losses.
Operational Impact
The company is currently assessing the potential impact on production. The disclosure notes that impact on production/operations is "Not applicable" for strikes/lock outs, indicating this is specifically a burglary incident rather than labor-related.