Prataap Snacks Ltd. shares fell by 2% following a fire accident at its manufacturing unit in Kartholi Teh, Bari Brahmana, Samba, Jammu, on December 30, 2024. The fire caused significant damage to machinery, inventories, buildings, and furniture, halting operations at the facility. Fortunately, no casualties were reported.
Operational Impact
The company plans to meet the northern market’s demand through third-party manufacturing facilities in Hisar and Karnal until the Jammu unit resumes operations.
Insurance Assurance
Prataap Snacks confirmed having adequate insurance coverage and has informed its insurer. An assessment of the losses is underway.
As of 9:18 a.m., Prataap Snacks shares were trading 1.25% lower at Rs 1,085.00 on the NSE.
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