Nahar Industrial Enterprises Limited Reports Fire Incident at Mohali Godown
Nahar Industrial Enterprises Limited confirmed that a fire incident occurred at its unit located in Mohali, Punjab, during the intervening night of May 23 to May 24, 2026.The fire took place at the company's facility in the Nahar Complex, Village Jalalpur, Ambala Chandigarh Highway, Lalru Dist. Mohali, Punjab. The affected area was a godown designated for the storage of raw cotton bales, which serve as key raw material for the manufacturing process. The company noted that the root cause of the fire is yet to be ascertained.
The incident was promptly brought under control through the coordinated efforts of the local Fire Department, the company's internal emergency response team, and in-house firefighting systems. The company confirmed that there was no loss of life or personal injury reported from the incident.
The affected godown and the stock stored within are adequately covered by insurance, and the concerned insurance company was duly notified. An insurance survey is expected to be conducted in due course, and Nahar Industrial Enterprises Limited is currently assessing the full extent of the loss and damage.
The company provided the following details regarding the operational and financial impact of the fire incident:
| Particulars | Details |
|---|---|
| Expected quantum of loss/damage caused | The fire was controlled in time, and fortunately, there were no casualties or injury to life. The company is currently assessing the full extent of the damage caused. |
| Loss/damage covered by insurance | The godown/stock at the affected plant is adequately insured. The company has informed the insurance company, and the insurance survey is expected to be conducted. |
| Impact on production/operations | There will be no impact on the production/operations. |
NAHARINDUS Stock Price Movement
On Friday, Nahar Industrial Enterprises Limited shares edged higher, closing at ₹113.46 after rallying 1.88% to settle for the session. The stock saw a total traded volume of 14,441 shares, finishing strong above its day's low of ₹110.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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