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Awaiting price reaction for this filing.
Zenith Fibres has informed BSE that its insurance claim of Rs. 185 lakhs, filed to recover the cost of restoring a failed generator at its windmill in Morbi, Gujarat, has been rejected by the insurer via a repudiation letter dated September 24, 2025. The company had originally estimated the loss at Rs. 2 crores, but the actual restoration cost came to Rs. 185 lakhs. The windmill resumed normal power generation on March 1, 2025, and production of Polypropylene Staple Fiber was not impacted during the disruption. The company is now seeking legal opinion to contest the rejection and recover the amount.
This is a negative development as the company may have to absorb the Rs. 185 lakh restoration cost from its own funds unless the legal challenge succeeds. However, since operations are unaffected and the amount is relatively small, the immediate impact on financials and stock price is likely limited.