Mangalam Organics: Rs 12.58 Cr fire loss claim submitted to insurer
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Mangalam Organics has submitted an insurance claim of Rs 12.58 Crore with The New India Assurance Company for the fire at its Camphor Plant I in Khopoli, Raigad, Maharashtra, which occurred on July 16, 2025. The insurance surveyor has now completed the loss assessment and submitted the final survey report to the insurer. The loss is fully covered under the company's insurance policy, subject to terms. No insurance amount has been received so far, and the company is pursuing final settlement.
Loss is insured, which protects earnings. However, no cash received yet and settlement delay remains a short-term concern for shareholders.