Gopal Snacks Limited has informed the Exchange about Update on fire incident - Insurance Claim update
GOPAL · price
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Awaiting price reaction for this filing.
Gopal Snacks has received Rs. 174.72 million as an interim insurance payment related to a fire that damaged its production unit at GIDC Metoda, Rajkot on December 11, 2024. Including this tranche, the company has collected Rs. 374.64 million in total from the insurer this financial year against fire-affected assets. The restatement (valuation/reassessment) of the damaged assets is still ongoing, and further insurance payouts will follow once that process is completed. The original facility was the company's snack manufacturing unit in Gujarat.
Positive for shareholders as it confirms meaningful insurance recovery from the 2024 fire, partially offsetting the loss of production assets. Further claim inflows are expected as asset restatement is completed, though uncertainty remains around the final settlement amount.