Pursuant to Regulation 30SEBI (LODR) Regulations 2015 we hereby inform that a fire incident was reported at the company''s premises located at Gat No. 454/457, Village Borgaon Satara 415519
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.7 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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A fire broke out at Kay Power and Paper's premises in Borgaon, Satara, affecting an external open storage facility that holds wastepaper (a key raw material) and some nearby machineries. The fire is reported to have originated from an adjacent agricultural school and spread to the company's facility. There were no human casualties or injuries, and the in-house firefighting team brought the blaze under control. The company has confirmed that the damaged raw material stock and machineries are adequately insured, and an insurance survey will be carried out to assess the loss. The full extent of the damage is still being evaluated, and the plant is expected to resume operations within 15 days.
Short-term disruption in production is likely, but since the assets are insured and the restart timeline is about two weeks, the financial impact on shareholders may be cushioned by insurance recovery. Near-term stock sentiment could be mildly negative until the damage assessment and insurance claim size are disclosed.