Prataap Snacks Limited — Important, 30-12-2024: General Updates

A fire occurred at the Jammu manufacturing unit of Prataap Snacks, resulting in damage to inventories, machinery, and the facility itself. Fortunately, there were no casualties reported. This incident has disrupted operations at the unit; however, the company plans to meet demand in the Northern market through third-party manufacturers in Hisar and Karnal until operations resume. Prataap Snacks has adequate insurance coverage in place and is currently coordinating with the insurance provider to assess the extent of the damage. Investors should monitor the situation closely, as operational disruptions could impact revenue in the short term.