A-One Steels India Limited reported a fire incident at its Ferro Plant in Ballari, Karnataka, on October 8, 2026. The blaze occurred at Furnace-4 and was promptly extinguished, with the company currently evaluating the extent of the damage and operational impact.

Incident details and response

The fire broke out at approximately 1:27 am on October 8, 2026, at the Chikantapur facility. Plant management and security personnel intervened swiftly, bringing the situation under control and extinguishing the flames without further escalation.

The exact cause of the fire remains under investigation. The company stated it is extending full cooperation to the concerned authorities to determine the root cause. A-One Steels is actively undertaking precautionary and preventive measures to avoid any recurrence of such incidents.

Financial and operational assessment

The company disclosed that the financial loss and damage caused by the fire are currently under evaluation. The final quantum of loss will be determined following the outcome of the root-cause investigation by the relevant authorities.

Regarding insurance coverage, the company confirmed that the damage is covered under its existing insurance policies. The incident has been reported to the insurance provider, and claims processing is underway alongside the damage assessment.

Regulatory disclosure

This intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

A-One Steels India Ltd has submitted its Code of Corporate Disclosure Practices to BSE and NSE, complying with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing outlines the company's framework for ensuring fair, uniform, and timely dissemination of information to the public.

The code mandates the designation of a Chief Investor Relations Officer (CIRO) responsible for overseeing disclosure activities. This officer will ensure that information shared with analysts, research personnel, and media does not constitute Unpublished Price Sensitive Information (UPSI) unless it is simultaneously made public. The CIRO reports directly to the Managing Director or CEO and coordinates with the Compliance Officer.

Handling market rumors and analyst interactions

The policy establishes strict guidelines for responding to market rumors. Employees and directors must direct all queries regarding news reports or rumor verification to the CIRO. Any response requires approval from the Managing Director or CEO before being sent to regulatory authorities or the public. All such interactions must be documented, preferably in writing.

Regarding analyst meetings, the CIRO must attend all conferences and may arrange for transcripts or recordings to prevent misrepresentation. The company commits to releasing press notes or posting information on its website after every analyst meeting to ensure simultaneous public access to data. Live webcasting of these events is also considered as part of good corporate practice.

Policy on determination of legitimate purpose

A key component of the submission is the Policy on Determination of Legitimate Purpose, effective from December 23, 2024. This policy defines when UPSI can be shared without violating insider trading norms. Sharing is permitted only for legitimate purposes in the ordinary course of business, provided confidentiality agreements are executed.

Key provisions of the legitimate purpose policy

The policy specifies that recipients of UPSI under a legitimate purpose are deemed "insiders" and must maintain confidentiality. Examples of legitimate purposes include sharing information for statutory investigations, court proceedings, contractual obligations like mergers and acquisitions, or business strategy discussions with promoters and their advisors. The company is required to maintain a structured digital database recording the names and identifiers of persons receiving such information, subject to annual system audits.