Fire at subsidiary's PSF plant in Warangal, operations partially hit
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fire broke out in the early hours of Aug 13, 2026 at the Polyester Staple Fiber plant of wholly owned subsidiary Ganesha Ecopet Private Limited in Kakatiya Mega Textile Park, Warangal, Telangana. The fire was brought under control by the plant safety team and local fire authorities. Operations in the affected area are temporarily disrupted, while other divisions including B2B Chips, Filament Yarn, PPSF and Washline remain unaffected. The cause is under investigation. Assets are adequately insured and the insurer has been informed. The company will share updates on damage quantum, insurance claim and financial impact as they are ascertained.
Short-term disruption limited to PSF unit; insurance coverage mitigates financial risk. Watch for updates on damage quantum and recovery timeline.