Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of Receipt of Fire Insurance Claim Amount
AARTECH · price
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Aartech Solonics Ltd has received an insurance claim settlement of ₹1.84 crore from Cholamandalam MS General Insurance Company for a fire incident at its Mandideep manufacturing facility (disclosed earlier on October 17, 2025). The insurance surveyor assessed total damage at ₹3.27 crore, while the company had previously recognised a loss of ₹1.37 crore in its books. The claim amount represents full and final settlement. The company states that restoration activities were completed promptly and operations have been restored in a phased manner, with no material adverse impact on overall business, production, or financial position.
The insurance recovery substantially mitigates the financial hit from the fire, but the company absorbed a shortfall of roughly ₹1.43 crore between assessed damage and booked loss. Shareholders can take comfort that operations have resumed, though the gap between assessed loss and actual claim payout warrants monitoring in upcoming quarterly results.