Fire at subsidiary's jewellery unit in Jaipur; estimated loss about INR 2 Crore
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Fire broke out at the jewellery manufacturing unit of material subsidiary Ideal Fiscal Services Limited in Jaipur SEZ on October 22, 2026, due to a short circuit on the electrical power board. The fire was controlled promptly, but some casualties or injuries were reported. Estimated loss stands at about INR 2 Crores covering raw materials, finished goods, and machines. Operations at the unit will be disrupted, though adequate insurance is in place and the insurer has been informed.
Short-term operational disruption at the subsidiary; insured loss of about INR 2 Cr may limit the financial hit, but reported injuries could draw regulatory attention.