Stock destroyed; Production area safe
LT Foods announced that there was fire accident at one of the Company's subsidiary i.e. Daawat Foods works located at Plot No. 7, Satlapur Growth Centre, Phase-II, Industrial Area, Mandideep, District Raisen, Madhya Pradesh on 07 June 2014 around 04.00 am.The fire is controlled with the help of local fire agency but significant stock of raw material i.e. Paddy got burnt into fire. The production area of the plant is fully safe and no casualty has happened.
The stock was fully insured and this incident is not expected to have any significant impact on the Business operations of the Company.
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