Announced Wed, 7 Oct, 2026 · 16:15 IST
SMVD Poly Pack updates on fire insurance claim, files suit for short payment
SMVD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
SMVD Poly Pack reports that a surveyor assessed total fire damage at Rs 5,359.14 lacs. Insurance company paid only Rs 4,767.24 lacs, leaving a shortfall of Rs 591.90 lacs. The company has filed a lawsuit against Oriental Insurance Company in Kolkata High Court seeking the remaining insurance amount.
Likely market impact
Partial insurance recovery from fire incident; legal action underway to recover the remaining amount from the insurer.