GRP Limited — Important, 12-02-2025: Updates

Further details regarding the fire incident at the manufacturing plant in Solapur indicate that the total insurance claim receivable amounts to ₹11.63 crore. An initial payment of ₹2.50 crore has already been received, along with a stock payment of ₹5.63 crore. Currently, there is a balance of ₹3.49 crore pending, which is expected to be received within the next 4 to 6 weeks. The settlement of this insurance claim will bring closure to the incident, and investors should monitor the recovery process closely as it may impact the company's financials.