AksharChem India Limited has informed the Exchange regarding 'On account settlement of Insurance claim'.
AKSHARCHEM · price
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Awaiting price reaction for this filing.
AksharChem India has received an on-account insurance settlement of Rs. 5.80 crore from The New India Assurance Company on August 28, 2025. This claim relates to a fire incident that occurred on May 2, 2024, at the company's VS Plant (dry zone) in Mahesana, Gujarat. The actual damage from the fire was estimated at Rs. 6.10 crore, meaning the company is recovering roughly 95% of its losses through this initial payout. The company has confirmed that production at the plant resumed on December 13, 2024, and the fire did not have any material impact on its overall financials.
Mildly positive for shareholders — the insurance payout recovers nearly the full fire damage value with production already restored, providing a small cash boost without any ongoing operational disruption.