Century Enka Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 ( Listing Regulations )-resume operations at the NFY Spinning Plant'.
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Century Enka has received approval from the Gujarat Pollution Control Board to restart its NFY Spinning Plant at the Rajashree Polyfil unit in Bharuch, Gujarat, which was shut down following a fire on 26 February 2025. The company has paid the interim Fire Accident Environment Compensation of Rs. 36 lakh and submitted a Bank Guarantee of Rs. 2.5 lakh as directed by the authorities. Operations will resume in a phased manner starting after the clearance dated 21 June 2025. The company has confirmed no human injuries or casualties occurred during the incident and stated that the disruption is not likely to have a material impact on its overall profitability.
This is a positive development for shareholders as the plant restart removes the overhang from the fire incident and regulatory penalties are modest (Rs. 36 lakh compensation). Resumption of production should help the company normalize operations, though financial impact during the shutdown period may still reflect in quarterly numbers.