MMP Industries Limited — Important, 24-04-2025: Updates

A fire incident at the Umred plant in Nagpur resulted in the tragic loss of 7 lives. The company expresses deep condolences to the deceased's families during this difficult time. The fire affected the Mixer and Polisher Tube area of the Powder Division; however, key production sections, including Atomising, Ball Milling, and the entire Foil Division, were not impacted. Operations at the Foil Division resumed fully on April 22, while the Atomiser and Ball Mill sections are set to restart after inventory verification by the insurance surveyor. There is potential for revenue loss this quarter, though the extent remains undetermined. Importantly, supply to clients continues uninterrupted, supported by sufficient finished goods and work-in-progress stock. Investors should closely monitor the situation for any further developments that could affect the company's performance.