Fire in Advik Laboratories factory at Gurgaon

Advik Laboratories Ltd has announced that a fire incident occurred on the 2nd & 3rd Floor of the Company's factory at 138, Roz-Ka-Meo Industrial Area, Sohna, Gurgaon (Haryana) around 10 A.M. on March 17, 2007 which comprises of godown for packing materials as well as Record Room.

The Company is calculating the estimated loss occurred due to Fire, but there was no stoppage / disruption of operation and the said fire incident shall have no material impact on the operation of the Company. Since everything was insured, hence the Company has filed a claim for the above stated amount to the insurance Company.

Shares of the company closed the day at Rs.5.08, up by Re.0.08 or 1.6% on volume of 1488 shares.

Source : Equity Bulls

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