Macpower CNC Machines Limited — Important, 03-02-2025: General Updates

A fire incident occurred in the Unit-2 godown at the Metoda GIDC premises due to a short circuit. The fire, which broke out around 6:30 PM, was controlled promptly, and there were no reported injuries or casualties. However, some finished stock was damaged. Notably, production will not be impacted, and there has been no loss of operational capacity. The financial implications from this incident are expected to be minimal, as the company has adequate insurance coverage in place and is currently assessing the actual losses incurred. All relevant authorities have been notified regarding the incident.