Sundaram Brake Linings Reports Fire at Tamil Nadu Plant with ₹2.66 Crore Damage

Sundaram Brake Linings has officially reported a fire incident at its Plant II facility in Kariapatti, Virudhunagar, Tamil Nadu, through a regulatory filing under SEBI Regulation 30. The incident occurred on April 2, 2026, at approximately 5:25 AM IST, resulting in estimated property damage of ₹2.66 crores.

Incident Details and Timeline

The fire outbreak took place at the company's Plant II facility located at TSKP2, Kariapatti, Virudhunagar district in Tamil Nadu. According to the official communication to stock exchanges, the fire was brought under control promptly, and fortunately, no casualties or injuries to personnel were reported during the incident.

Parameter:	Details
Incident Date:	April 2, 2026
Time:	5:25 AM IST
Affected Facility:	Plant II
Location:	TSKP2, Kariapatti, Virudhunagar, Tamil Nadu
Estimated Damage:	₹2.66 crores (Approximate)
Casualties:	None

Operational Impact and Recovery

Following the fire incident, operations at the affected Plant II facility have been temporarily suspended while the company conducts a comprehensive damage assessment. The automotive component manufacturer confirmed that the temporary shutdown will impact production capacity at this specific facility in the near term.

Insurance Coverage and Financial Protection

The company has provided assurance regarding financial protection through adequate insurance coverage. Sundaram Brake Linings confirmed that the assets at the affected plant are comprehensively insured, and the insurance company has been promptly notified about the incident. An insurance survey is expected to be conducted in due course to assess the full extent of damages and facilitate the claims process.

Coverage Aspect:	Status
Insurance Coverage:	Adequately Insured
Insurance Notification:	Completed
Survey Status:	Expected Soon
Claims Process:	Initiated

The incident highlights the operational risks inherent in manufacturing operations while demonstrating the company's preparedness through proper insurance coverage and emergency response protocols. The absence of any injuries reflects effective safety measures and emergency procedures at the facility.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.94%	+14.48%	-10.48%	-29.98%	-27.23%	+53.47%

Sundaram Brake Linings Limited has informed stock exchanges about ICRA's latest rating action on its banking facilities. The credit rating agency has reaffirmed the company's ratings while revising the outlook to Negative from Stable, reflecting a cautious stance on the company's credit profile.

Rating Action Details

ICRA has taken specific rating actions across different categories of banking facilities. The rating communication dated March 27, 2026, covers both long-term and short-term facilities totaling Rs. 114.07 crore.

Instrument Type	Rated Amount (Rs. Crore)	Rating Action
Long-term Fund-based Term loan	25.00	[ICRA]BBB+ (Negative); Reaffirmed and outlook revised to Negative from Stable
Long-term Fund-based Cash credit	85.00	[ICRA]BBB+ (Negative); Reaffirmed and outlook revised to Negative from Stable
Short-term Non-fund based Others	4.07	[ICRA]A2; Reaffirmed
Short-term fund based Sublimit	(65.00)	[ICRA]A2; Reaffirmed
Short-term non-fund based Sublimit	(1.50)	[ICRA]A2; Reaffirmed
Total	114.07

Banking Facility Breakdown

The rated facilities are distributed across multiple banking partners and facility types. The long-term facilities worth Rs. 110.00 crore include both term loans and working capital arrangements.

Long-term Scale Facilities

Facility Details	Amount (Rs. Crore)	Rating
Fund based facilities – Term Loan		[ICRA]BBB+ (Negative)
State Bank of India	25.00
Fund based facilities - Cash Credit
State Bank of India	55.00
Fund based facilities - Working Capital
Standard Chartered Bank	30.00
Total Long-term Facilities	110.00

Short-term Scale Facilities

The short-term facilities totaling Rs. 4.07 crore received an [ICRA]A2 rating, which was reaffirmed without any outlook change.

Facility Details	Amount (Rs. Crore)	Rating
Fund based limits (Sublimits)	(65.00)	[ICRA]A2
Non-fund based limits
Letter of Credit	3.00
Credit Exposure Limit	1.07
Bank Guarantee (Sublimit)	(1.50)
Total Short-term Facilities	4.07

Regulatory Compliance

The company has communicated this rating action to both NSE and BSE in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Hari S, Chief Financial Officer of the company, and includes reference to the detailed rating rationale available on ICRA's website.

ICRA has indicated that the ratings will be due for surveillance within one year from the rating communication date, with the agency reserving the right to review or revise ratings based on new information or changing circumstances.