Aero Care Operations Temporarily Suspended Following Facility Flooding in Dadra and Nagar Haveli Region
The manufacturing operations of M/s Aero Care Personal Products LLP, a subsidiary of Hindustan Foods Limited, have been temporarily suspended due to flooding at its facility. The disruption was caused by incessant rainfall and severe waterlogging across the region where the factory premises are located.Aero Care immediately halted operations at the designated manufacturing facilities as a precautionary measure given the prevailing conditions. These facilities are situated at Survey No. 284/2, Village Naroli, Silvassa - 396 235, in Dadra and Nagar Haveli and Daman and Diu.
The company is currently assessing the extent of the damage to the plant, machinery, inventory, and other assets. Financial impact has not yet been ascertained because access to certain areas of the manufacturing facilities remains restricted due to waterlogging.
Aero Care confirmed that all necessary steps have been taken to safeguard its assets and expedite the restoration of operations. The assets at the affected manufacturing facility are comprehensively covered under insurance policies.
Disruption Details and Impact Assessment
The details regarding the disruption and current assessments across the relevant units are summarized below:| Particulars | Details |
|---|---|
| Affected Unit | Manufacturing facilities situated in Dadra and Nagar Haveli and Daman and Diu. |
| Reason for Disruption | Temporary operational suspension due to flooding and waterlogging caused by unprecedented heavy rains. |
| Damage Status | The company is actively ascertaining the production loss and property damage caused by the disruptions. |
| Insurance Coverage | Yes, the loss is covered under an Insurance Policy, and the loss amount will be determined following a survey. |
| Recovery Outlook | Aero Care expects operations to gradually normalize over the next few days barring any unforeseen circumstances. |
HNDFDS Stock Price Movement
Hindustan Foods Limited gained momentum, with its stock settling at ₹576.30 following a 1.46% surge in post-market trading today. This movement occurred amidst active market participation, as 56,747 shares were traded throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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