Fine Organic settles ₹11.33 Cr insurance claim for plant fire

Fine Organic Industries Ltd has announced the full settlement of its insurance claim amounting to ₹11,33,77,477/- (approximately ₹11.34 Crores) from Tata AIG General Insurance Company Limited. This settlement covers property damage, inventory loss, and loss of profit resulting from a fire incident at a plant adjacent to its manufacturing facility in Badlapur, Maharashtra. The company had previously intimated about the incident and temporary operational disruption. Operations have since resumed, and the company states there has been no material adverse impact.