Fire at Spinning Division; estimated loss/damage about Rs. 4 Crores, insurance claim initiated

Fire at Spinning Division, Sareri, Bhilwara on 30 Sept 2026 around 09:45 P.M.; promptly controlled, no injuries.

Thu 1 Oct 2026

Estimated loss/damage

approximately Rs. 4 Crores

Sum insured under FIRE IAR policy

Rs. 1,528.30 Crores

Fire Loss of Profit coverage

Rs. 171 Crores

Incident date and time

30 Sept 2026 around 09:45 P.M.

Impact on production

only minor impact on production expected

What was informed

A fire incident occurred at the company's Spinning Division located at Village Sareri, NH-79, Bhilwara, Rajasthan, on 30th September, 2026 at around 09:45 P.M. The fire was promptly controlled and there were no human injuries or casualties reported. The company is in the process of ascertaining the exact cause of the fire incident and assessing the final extent of loss/damage.

What was affected

The fire incident has affected certain plant and machinery, raw materials and building. The company expects only a minor impact on the overall production and operations and is taking necessary measures to restore the affected area and ensure continuity of operations with minimal disruption.

Numbers to note

• Estimated loss/damage caused by the fire incident: approximately Rs. 4 Crores
• Sum insured under the company's comprehensive FIRE IAR (Industrial All Risk) Policy: Rs. 1,528.30 Crores
• Additional coverage towards Fire Loss of Profit: Rs. 171 Crores

Insurance and claim

The loss/damage caused by the fire is stated to be adequately covered under the company's insurance policy, and the claim process has been initiated with the insurance company.

What investors may note

• The company has placed on record an estimated loss/damage of approximately Rs. 4 Crores from the incident.
• The affected assets are stated to be covered under its insurance policy, with a sum insured of Rs. 1,528.30 Crores under the FIRE IAR policy and an additional Rs. 171 Crores towards Fire Loss of Profit, and the claim process has been initiated.
• On operations, the company expects only a minor impact on overall production and operations, and has said it is restoring the affected area to keep disruption minimal.

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.