Gopal Snacks Limited has informed the Exchange about Update on fire incident (Insurance Claim update)
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Awaiting price reaction for this filing.
Gopal Snacks has provided a further update on the fire that damaged one of its production units at GIDC Metoda, Rajkot (Gujarat) on December 11, 2024. The company is currently in the process of restating the value of the fire-affected assets, and the final insurance claim payout will be determined once this restatement is completed. As an interim measure, the insurer has already released an ad-hoc payment of ₹19.99 crore to the company. The filing is a continuation of earlier disclosures made to the exchanges about the same incident.
The ₹19.99 crore interim payout offers partial cash flow relief, but the full financial impact on the company will depend on the final insurance settlement, the cost of restoring/rebuilding the affected unit, and any production loss during the period. Shareholders should watch for the final claim amount and timeline to restart of the affected facility.