Fire accident at Inflame Appliances Ltd's factory

A major fire accident took place at Company's One Shed of 12800 Sq Ft. containing CMC Machinery (Out of Total 5 Sheds in Factory) located at Village Bagwali, Khasra No. 40/14-15-16-17/1, Block - Raipur Rani, Nh - 73, Panchkula-134202, on Sunday, February 13, 2022 at around 02.45 p.m., the reason of fire is yet to be ascertained. Fire was controlled within time and fortunately, there was no injury or loss to human life. Further Business Operations at other sheds are not affected. However the impact of the fire in operations is not expected to have any material bearing on the production and the projected profitability.

The Company has adequate insurance coverage and have already informed the Insurance Company about the incident. The Company is in process of ascertaining the actual loss caused due to the fire.

The Company is taking adequate steps to ensure refunctioning of Operations at Shed affected at the earliest and to make sure that the operations at other departments / locations are not disrupted.

Shares of Inflame Appliances Ltd was last trading in BSE at Rs. 374.20 as compared to the previous close of Rs. 393.85. The total number of shares traded during the day was 3500 in over 7 trades.

The stock hit an intraday high of Rs. 380.00 and intraday low of 374.20. The net turnover during the day was Rs. 1313425.00.

Source : Equity Bulls

Keywords

InflameAppliances INE464Z01017 FireAccident