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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zenith Fibres Ltd has filed a consumer complaint against New India Assurance Company Limited seeking recovery of Rs. 185 lakhs spent on restoring a failed windmill generator at Vejalpur, Morbi, Gujarat. The company had notified the insurer of an estimated loss of Rs. 2 crores, and a surveyor inspected the damage, but the insurer rejected the claim entirely. The windmill resumed normal operations from March 1, 2025 after the generator was replaced. Importantly, the company's main production of Polypropylene Staple Fiber was not affected during the disruption period. This filing follows earlier disclosures in September 2024, March 2025, and September 2025 regarding the same incident.
Shareholders can note that while the windmill disruption did not impact core fiber production, the company now faces an uninsured loss of Rs. 185 lakhs and has opted for legal action to recover this amount from the insurer. This represents a potential financial recovery if the consumer complaint succeeds.