Sangam (India) Limited — Important, 26-03-2025: Updates

A fire incident occurred at Sangam (India) Limited’s Denim Division in Billiya Kalan, resulting in an estimated loss of Rs. 20 to 25 Crores. While fire damage affected plant and machinery, production is continuing with outside resources to minimize disruptions. The company has initiated claims with its insurance provider, having comprehensive coverage in place that includes a sum insured of Rs. 538.32 Crores and an additional Rs. 110 Crores for loss of profit due to fire. The cause of the fire is under investigation, and the company is committed to restoring operations as swiftly as possible. Investors should monitor the situation closely due to potential impacts on operational efficiency and production timelines.