Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Fire occurrence at a third-party warehouse utilised by Company
PPLPHARMA · price
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Piramal Pharma has informed the exchanges about a fire incident that occurred on the night of 6th August 2025 at a third-party warehouse located in Annaram, Telangana, which stored some of the company's inventory. The fire is reported to be largely under control, with emergency response actions already taken, and the cause is currently under investigation. Inventory belonging to the company worth approximately Rs. 45 crores has been impacted by the incident. Importantly, the affected inventory is fully covered by insurance, and the claim process has already been initiated. The company is working with suppliers to restore inventory and with customers to plan for the resumption of supplies.
The direct financial hit is cushioned because the Rs. 45 crore inventory loss is insured, but investors may see a short-term supply disruption. Overall impact on earnings and stock price is likely to be limited given insurance coverage and proactive supply chain management.