Banco Products (India) Ltd. has reported that a fire broke out at the warehouse of its wholly owned subsidiary, NRF France S.A.S. The company clarified in its official filing that all employees are safe and the situation is being brought under control.
NRF Holding B.V., another wholly owned arm of Banco Products, released an official statement noting that while local operations at the affected French warehouse have been temporarily shut down, customer deliveries will not be disrupted. The company assured that all current orders and pending shipments will be routed through other NRF warehouses to ensure smooth continuity of operations.
According to preliminary assessments, Banco Products does not expect any material impact on its overall group performance due to the incident. Furthermore, the company confirmed that the warehouse is covered under insurance, and the insurer has already been notified to assess losses and damages caused by the fire.
The company reiterated that business continuity remains intact and customers will continue to receive their orders as scheduled, despite the temporary shutdown at NRF France S.A.S.
