Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform you that a fire incident occurred on Wednesday, June 4, 2025, at around 10:01 PM at the Company's factory ....
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A fire broke out at Artemis Electricals' factory located at Artemis Complex, Gala No. 105 & 108, Vasai (East), Thane, on June 4, 2025, at around 10:01 PM. There were no casualties or injuries to any personnel. Operations at the affected factory will remain suspended for seven days while the company assesses the damage and cooperates with local and state authorities investigating the cause. Importantly, the company has confirmed it does not have insurance coverage for the loss or damage caused. The financial extent of the damage is still being evaluated and will be communicated once the final assessment is complete.
This is a negative event for shareholders — the lack of insurance coverage means any losses from the fire will be borne entirely by the company, potentially affecting earnings and balance sheet. The 7-day suspension may temporarily disrupt production and revenue, and the stock could see short-term negative sentiment until damage estimates are disclosed.