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Remsons Industries Ltd. - Intimation Under Regulation 30(4) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

| Updated on July 28, 2018 Published on July 28, 2018

In continuation to our intimation letters dated 30th August, 2017 and 11th September, 2017 on the subject matter about disruption in the operations at the Companys factory located at "Goodluck House, Survey No. 729/1, Ringanwada, Village Dabhel, Daman - 396210 we hereby apprise about the developments on said subject matter as follows:
1. Quantum of damage caused Rs. 77.95 lakhs.

2. Insurance amount claimed and realized for loss/damage Damage amounting to Rs. 77.95 lakhs had been filed with the Insurance Company. The Insurance Company has released Rs. 59.22 Lakhs as full and final payment against the said estimate amount of damage.
3. Details of steps taken to restore normalcy and the impact of the disruption on production and financials of the Company. The plant was returning to normalcy in phases since 11th September, 2017. The financial loss is Rs. 18.73 lakhs.
Note:Rs. 18.18 lakhs write off during the FY 2017-18

Pdf Link: Remsons Industries Ltd. - Intimation Under Regulation 30(4) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Source : BSE - www.bseindia.com

Published on July 28, 2018
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