Pursuant to the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and the Circular Ref no. CIR/ CFD/ CMD/ 4/ 2015 dated September 09 2015 issued by SEBI we inform you that there was a fire at one of the sheds at Dhamni Factory near Khopoli on 31st January 2020 late evening and the fire was doused.
The company is yet to ascertain the quantum of damage wherein a few looms/ equipments were damaged. However the impact of the fire in operations is not expected to have any material bearing on the production and the projected profitability. The estimated losses are adequately covered by Insurance. The operations at the plant are not affected.
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