While some of the company’s finished stock sustained damage, MACPOWER assured that production remains unaffected and that the fire will not have a material impact on its operations or financial standing.
Fire Contained, No Injuries Reported
The fire erupted at the company’s storage facility near its registered office in Metoda GIDC. Authorities were alerted, and emergency response teams managed to contain the blaze before it could spread further. No employees were harmed in the incident.No Disruptions to Business Operations
Despite the damage to stored goods, manufacturing activities will continue as usual, MACPOWER confirmed. The company is currently assessing the extent of the loss but emphasized that adequate insurance coverage is in place, and the necessary claims process is already underway.Regulatory Filings and Compliance
The company has informed all relevant regulatory and statutory authorities, including the stock exchange, in compliance with SEBI’s disclosure norms.What’s Next?
MACPOWER is expected to provide further details on the financial impact once the damage assessment is complete. Investors will be watching closely to see if the incident has any long-term repercussions.The company’s shares remained stable following the announcement, as its reassurance of uninterrupted production and financial stability appeared to calm investor concerns.