Mangalam Organics Ltd has submitted an insurance claim of ₹12.58 Cr to cover losses from a fire incident that occurred at its Camphor Plant I in Khopoli on July 16, 2025. The claim follows the completion of the loss assessment by an appointed Insurance Surveyor, who submitted the final report to The New India Assurance Company Limited. The company stated that it is actively pursuing the matter for final settlement and disbursement, but no amount has been realized as of the date of the disclosure on July 03, 2026.

The disclosure was made to BSE Limited and The National Stock Exchange of India Limited in accordance with Regulation 30 read with Para B, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the loss is covered under its insurance policy, subject to the terms and conditions thereof.

Assessment and Claim Details

The Insurance Surveyor has assessed the total loss arising from the fire incident at ₹12.58 Cr. This figure represents the claim amount submitted to the insurer. The company has taken necessary steps to restore normal operations at the plant, located in Kumbhivali Village, District Raigad, Maharashtra.

Operational Impact

The company previously informed the exchanges regarding the incident on July 17, 2025. In the latest update, Mangalam Organics noted that there is no further material update regarding the steps taken to restore normalcy beyond what has already been disclosed. The specific impact on production and financials was addressed in prior communications.

Mangalam Organics Ltd has appointed Manoj Mhapadi as its Chief Financial Officer effective July 01, 2026, succeeding Mr. Shrirang Rajule who retired from the position. This change in key managerial personnel necessitates a revision to the list of officials authorized to determine the materiality of events and make disclosures to the stock exchanges under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company submitted the intimation to BSE Limited and the National Stock Exchange of India Limited on July 01, 2026. The filing updates the contact details and designations of the directors and key managerial personnel authorized for compliance purposes.

Authorized Personnel

The revised list of authorized persons includes the Chairman, Managing Director, the newly appointed CFO, and the Company Secretary & Compliance Officer. The complete details of the authorized personnel are as follows:

The information is also available on the company's website at www.mangalamorganics.com . The filing was signed by Charmi Shah, Company Secretary & Compliance Officer.