Veedol Corporation discloses receipt of a formal repudiation letter from National Insurance Company for a ₹3.5 crore claim.
The claim was filed for losses from a fire incident at a third-party depot in Bhiwandi, Thane in October 2024.
The company is currently evaluating all available legal options and remedies following the insurance denial.
This disclosure is made pursuant to SEBI Listing Regulations to inform the stock exchanges of a material development.