EMIL: Electronics Mart India Limited has informed the Exchange about the continuation of the intimation dated 29th May 2025, regarding the fire accident that happened at one of the Godowns of the Company located at Guntur, Andhra Pradesh.
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Electronics Mart India has provided an update on the fire accident that occurred at its godown in Guntur, Andhra Pradesh on the night of May 28-29, 2025. The insurance company has accepted a full and final settlement of Rs. 7.53 crores against the company's claim of approximately Rs. 8.17 crores, with the actual damage assessed at Rs. 7.53 crores. The settlement amount is expected to be received within the next 15 days. The company is currently in the process of reconstructing the destroyed godown, which will resume normal operations once rebuilding is complete.
The insurance settlement of Rs. 7.53 crores is slightly below the Rs. 8.17 crore claim (about 92% recovery), which is a reasonable outcome. Shareholders should note that the godown remains non-operational until reconstruction is complete, but the financial hit is largely covered by insurance.