
Disruption3 Jul 2026, 06:20 pm
Mangalam Organics: Fire Claim Assessed at ₹12.58 Cr
AI Summary
Mangalam Organics Ltd has announced that the Insurance Surveyor has submitted a final report regarding the fire incident at its Camphor Plant I on July 16, 2025. The assessed loss amounts to ₹12.58 Crore, which has been submitted as an insurance claim to The New India Assurance Company Limited. The company is actively pursuing settlement with the insurer, and no amount has been realized as of the disclosure date. The incident is covered under the company's insurance policy, subject to terms and conditions. The company has taken steps to restore normal operations, with no further material impact on production or financials reported beyond initial disclosures.
Key Highlights
- Fire incident claim assessed at ₹12.58 Crore.
- Insurance claim submitted to The New India Assurance Company.
- Company actively pursuing claim settlement.
- No amount realized yet from the insurer.
- Loss covered by insurance policy, subject to terms.
Price Impact
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