Winsome Textile Industries Assesses Rs 45.5 Million Loss From Fire Incident

Winsome Textile Industries Limited has announced that it has suffered an assessed loss of approximately Rs 45.5 million following a fire incident at its facility. The company confirmed that the fire caused damage to certain assets, and a detailed evaluation is underway to determine the complete financial and operational impact.  

Despite the setback, Winsome Textile stated that it is taking immediate measures to restore operations and minimize disruption. The company emphasized its commitment to safety standards and compliance, ensuring that corrective actions are implemented to prevent similar incidents in the future.  

Key highlights from the announcement include  

• Winsome Textile Industries reports assessed loss of Rs 45.5 million due to fire  
• Incident caused damage to certain assets at the facility  
• Company conducting detailed evaluation of financial and operational impact  
• Immediate steps taken to restore operations and ensure safety compliance  
• Commitment to corrective measures to prevent future incidents  

Industry experts note that while the financial impact is significant, Winsome Textile’s proactive response and restoration efforts will be crucial in maintaining business continuity and investor confidence.  

Sources: Reuters, Economic Times, Business Standard