Mangalam Organics Details Loss and Insurance Status Following Camphor Plant Fire Incident
Mangalam Organics Ltd has provided an update regarding the fire incident that occurred on July 16, 2025, at its Camphor Plant I located in Kumbhivali Village, District Raigad. The company announced that the appointed insurance surveyor has completed the assessment of the loss and has submitted the final survey report to the insurer, The New India Assurance Company Limited.The assessment by the insurance surveyor revealed a total loss amount of Rs. 12.58 Crore (Rupees Twelve Crore and Fifty-Eight Lakhs only). Mangalam Organics is actively working with the insurer for the final settlement and disbursement of the insurance claim. As of the date of the update, no funds have been realized by the company against this claim.
The company also confirmed that necessary steps have been taken to restore normal operations at the affected unit.
Fire Loss Assessment Summary
A detailed summary of the loss, insurance coverage status, and claim submission is provided below:| Particulars | Details |
|---|---|
| Expected Quantum of Loss/Damage | As assessed by the Insurance surveyor, the claim amount submitted to the Insurer is Rs.12.58 Crore. |
| Insurance Coverage Status | The loss is covered under the Company's insurance policy. The claim amount assessed and submitted is Rs.12.58 Crore. |
| Insurance Claim Submitted | An insurance claim of Rs.12.58 Crore has been submitted to the insurer. |
| Amount Realized | No amount has been realized by the company on the date of this disclosure. |
| Restoration Status | The Company has taken necessary steps to restore normal operations, and there are no further material updates regarding production or financials in this regard. |
MANORG Stock Price Movement
Shares of Mangalam Organics Limited slipped today, settling at ₹525 after shedding 1.34% during the post-market trading session. The stock saw a measured volume of 3,613 shares traded in the market.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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