StockWatch
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Household Appliances
Disruption5 Oct 2026, 06:30 pm

Amber Enterprises: Fire loss ₹38.28 Cr, ₹10 Cr insurance received

AI Summary

Amber Enterprises India Ltd provided an update on the insurance claim recovery process following a fire incident on August 4, 2026, at its material subsidiary, IL JIN Electronics (India) Limited, located in Greater Noida. The management estimates the loss from the incident at ₹38.28 crore, plus applicable GST. The company has lodged an insurance claim for this amount. The insurer has already released an account payment of ₹10 crore against the estimated loss. A detailed assessment of the claim is underway, and the balance amount will be released upon completion. Amber Enterprises is confident of recovering a majority portion of the losses and is taking steps to restore affected facilities and normalize operations. The company will continue to inform stock exchanges of further developments regarding the claim, restoration, and operational/financial impact.

Key Highlights

  • Fire incident occurred at subsidiary IL JIN on August 4, 2026.
  • Estimated loss from the fire is ₹38.28 crore plus GST.
  • Company lodged an insurance claim for the full estimated amount.
  • Insurer released an account payment of ₹10 crore.
  • Company expects to recover majority losses; restoration is ongoing.