Safari Industries’ Safety Nets Pay Off-Halol Fire Insurance Claim Settled at ₹7.21 Lakh

Safari Industries (India) Limited has announced the receipt of ₹7.21 lakh as full and final settlement of an insurance claim in relation to the minor fire incident at its Halol, Gujarat plant. The fire that broke out on March 8, 2025, had earlier been described as minor and the company had assured that all the assets that were damaged were well covered.

 

As per the official statement, the insurance company has now settled and paid the entire claims amount, closing the matter from the financial recovery side. Safari Industries once again asserted that the settlement is for all the losses incurred because of the fire, and the company has also resumed production at the fire-hit plant. The management reaffirmed its commitment to have stringent safety and risk management procedures in all its manufacturing units.

 

This move reassures stakeholders regarding the company's business resilience and recovery from unforeseen circumstances. Safari Industries stays true to its core business and expansion strategy, with the insurance claim further strengthening its finances.

 

Source: Refinitiv/MarketScreener