IOL Chemicals and Pharmaceuticals Limited — Important, 28-04-2025: General Updates

A minor gas leak incident occurred at IOL Chemicals and Pharmaceuticals' facility in Punjab, resulting in injuries to four individuals, with one tragically succumbing to his injuries. The company has expressed its deepest condolences to the affected family and is committed to supporting the injured, of whom one has been discharged, while two remain under medical observation. The incident was contained within a single reactor and has been reported to relevant authorities, with investigations underway. Importantly, this event is not expected to impact the company's operations. The loss incurred from the incident is covered by insurance, highlighting the company’s preparedness in such situations. Investors should monitor the situation but can maintain confidence in the operational stability of IOLCP.