Update on Fire incident at Petlad Unit - Repair status and Insurance Coverage
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PBM Polytex has commenced repair and restoration work at its Petlad manufacturing unit following a fire on 17th August 2025. The company estimates an additional 7 to 10 days before production can resume at the unit. The company states that its operations are adequately covered under comprehensive insurance policies, including fire insurance and loss-of-profit coverage. Management is expediting restoration efforts and has promised further updates to stakeholders.
Short-term production disruption is expected for 7-10 days, but insurance coverage for fire damage and loss of profit should cushion the financial impact. Shareholders should watch for further updates on restoration timeline and any insurance claim outcomes.