We have received information today that due to heavy rain fall and breakage of the Mangeshpur Drain, the Company''s Stockyard located at Khasra No. 57, Khasra 1628/1629, Bahadurgarh, Haryana ....
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Competent Automobiles, an authorised Maruti Suzuki dealer, has informed BSE that its stockyard in Bahadurgarh, Haryana has been flooded after heavy rainfall and the breach of the Mangeshpur Drain, causing damage to vehicles parked there. The company is still in the process of assessing the actual quantum of the loss or damage. The stockyard and vehicles are covered by adequate insurance, and the insurer has already been intimated. The impact on production or operations has been marked as not applicable, as this concerns a vehicle storage yard rather than a manufacturing facility.
In the short term, the loss quantum is uncertain, but insurance coverage should cushion the financial hit; nonetheless, the disclosure flags a one-time event-related cost and potential dent in inventory that investors should track once the final loss estimate is shared.