Shares of Sangam (India) Limited fell 2.29% to ₹341.25 on March 11 following reports of a fire incident at the company’s Denim Division located in Bhilwara, Rajasthan.
The company confirmed that a fire broke out on March 6, 2025, at approximately 1:30 PM at its Denim manufacturing unit. While no human injuries or casualties were reported, the extent of damage and operational impact is still being assessed.
Key Highlights of the Incident:
- The fire occurred at Village Billiya Kalan, Chittorgarh Road, Bhilwara.
- No injuries or casualties have been reported.
- The company has initiated an insurance claim, ensuring that the damage is adequately covered.
- Sangam India is currently investigating the cause of the fire and evaluating its impact on production.
- The firm has notified the BSE and NSE under Regulation 30 of SEBI LODR Regulations, 2015.
Despite the setback, the company emphasized that it is taking necessary safety measures to prevent such incidents in the future and will provide further updates once a detailed assessment is completed.
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