Fire incident update: loss estimated at ₹38.28 crore, insurer releases ₹10 crore account payment

Fire incident update: loss estimated at ₹38.28 crore plus GST at the Greater Noida factory of material subsidiary IL JIN Electronics.

Mon 5 Oct 2026

Estimated loss from fire

₹38.28 crore plus GST

Insurance claim lodged

for ₹38.28 crore plus applicable GST

Account payment received from insurer

₹10 crore against the estimated loss

Fire incident date

4th August 2026

Affected unit

Greater Noida factory of material subsidiary IL JIN Electronics (India) Limited

What happened

Amber Enterprises India Ltd has issued an update on the fire that occurred in the early hours of 4th August 2026 at the factory unit of its material subsidiary, IL JIN Electronics (India) Limited, located at Plot No. 28, Ecotech-III, Extn-II, Udyog Kendra, Greater Noida, Uttar Pradesh. This update is an update to the company's earlier intimation of the same fire.

The numbers

• Based on its own assessment, management has estimated the loss from the incident at ₹38.28 crore, plus applicable GST.
• The company has lodged an insurance claim with the insurance company for that amount, together with applicable GST.
• Following an initial preliminary assessment and considering the urgency of the situation, the insurer has already released an account payment of ₹10 crore against the estimated loss.
• The insurer has commenced a detailed assessment of the submitted claim and will release the balance insurance claim amount, in line with the terms and conditions of the relevant insurance policies, once that assessment is complete.

On recovery and restoration

• The company says it is confident of recovering a majority portion of the losses incurred due to the incident.
• It says it continues to closely engage with the insurer and other concerned stakeholders for expeditious processing of the pending claim.
• It is undertaking necessary measures for restoration of the affected facilities and normalisation of operations.

What to keep in mind

• The ₹38.28 crore figure is the management's estimate of the loss, while the final claim position depends on the insurer's detailed assessment.
• The ₹10 crore already released is described as an account payment against the estimated loss, so the balance amount and the timing of its receipt are not yet fixed.
• The company has said it will keep the stock exchanges informed of further material developments relating to the insurance claim recovery, restoration activities, and the operational and financial impact of the incident.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.