Globale Tessile Limited — Important, 31-12-2024: Updates

Mahalaxmi Fabric Mills Limited (MFML), a subsidiary of Globale Tessile Limited, is currently addressing a fire incident that occurred at their plant in Ahmedabad. The fire, which took place on 24th November, caused partial damage to the plant's machinery, buildings, and stocks. MFML is actively assessing the total losses and is working to restore production operations, which remain disrupted. The company is prioritizing resuming supply levels by utilizing all available resources to maximize production as quickly as possible. Stakeholders should stay tuned for further updates on MFML’s recovery efforts and operational resumption.