Safari Industries (India) Limited has informed the Exchange regarding 'Update on Insurance claim received on account of minor fire incident'.
SAFARI · price
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Awaiting price reaction for this filing.
Safari Industries has received Rs. 7.21 lakh as full and final settlement of its insurance claim related to a minor fire incident at its Halol, Gujarat factory on 8th March 2025. The company had previously disclosed the incident and confirmed that the damaged assets were adequately insured. The insurance company has now approved and processed the final claim, closing the matter. The claim amount is relatively small, consistent with the company describing the incident as minor.
This is a routine update with no material impact on the stock, as the fire was minor and the claim amount of Rs. 7.21 lakh is small relative to the company's operations. Shareholders can be reassured that the loss was fully covered by insurance.