Kothari Petrochemicals Limited has informed the Exchange about Disruption of Operations
KOTHARIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kothari Petrochemicals has declared a force majeure event because of supply disruptions caused by the ongoing geopolitical situation in the Middle East. The Ministry of Petroleum and Natural Gas has directed refineries to prioritize domestic LPG supply and suspend feedstock supplies to downstream industries, which has constrained the company's raw material availability. The company has informed its industrial customers about restrictions on contracted quantities under existing agreements. The financial impact cannot be estimated at this stage, and the company has committed to providing further updates as the situation develops.
Near-term production and revenue are likely to be hit due to restricted raw material supply, though the force majeure declaration may shield the company from contractual penalties. Shareholders should expect uncertainty in the short term until gas supply normalizes.