On 15 May 2016
Lawreshwar Polymers announced that there was a fire accident occurred in one of the unit of the Company situated at SD-41, Kaladera Industrial Area, Tehsil Chomu, District Jaipur on 15 May 2016, around about 11:00 A.M. in the morning.Fortunately, there has been no loss or injury to human life. The fire was controlled within the time causing the least effect on plant & machinery but still there is huge loss to plant and machinery and infrastructure. However, the Company is in the process of ascertaining the actual loss caused by the fire. The Company is taking adequate steps to ensure refunctioning of the plant at the earliest.
Although all the assets of the concerned unit are insured with The Oriental Insurance Company Limited and have already informed to the Insurance Company of the same
Since, the corporate office of the Company and the plant are situated in the adjoining building, the working was disrupted by the fire and this resulted in a bit delay in intimating to the Stock Exchange about the aforesaid incident.
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