Business Update11 Mar 2026, 10:58 am
Gopal Snacks Ltd Receives Interim Insurance Payment of Rs. 174.72 Million for Fire Incident
AI Summary
Gopal Snacks Ltd has received an interim payment of Rs. 174.72 million from the insurer as part of the restatement for the fire incident that occurred at their production unit in Metoda, Rajkot, Gujarat, India on December 11, 2024. This payment is a part of the ongoing process of restating the assets affected by the fire incident. In the current financial year, the company has received a total of Rs. 374.64 million against the fire-affected assets.
Key Highlights
- Gopal Snacks Ltd received an interim insurance payment of Rs. 174.72 million for the fire incident at their production unit in Rajkot.
- The payment is part of the ongoing restatement process of the fire-affected assets.
- In the current financial year, the company has received a total of Rs. 374.64 million against the fire-affected assets.
- The restatement of Fire affected assets is still in process.
- The final insurance claim will be received upon completion of the restatement process.