Zenith Fibres Limited has taken legal recourse against its insurer after its insurance claim related to a windmill generator failure was rejected. The company filed a consumer complaint on May 09, 2026 before the Hon'ble Consumer Disputes Redressal Commission, District South Mumbai, against New India Assurance Company Limited, seeking recovery of Rs. 185 lakhs — the actual cost incurred for the restoration and repair of the failed generator at its windmill located at Vejalpur, Village Khakhrechi, Taluka Maliya-Miyana, District Morbi, Gujarat.

Background: Windmill Disruption and Insurance Claim Repudiation

The matter stems from a temporary disruption in power generation at the company's Gujarat windmill, which was first disclosed to the exchanges on September 13, 2024. Following the disruption, Zenith Fibres notified its insurer of an estimated loss of Rs. 2 crores, after which a surveyor was appointed and the inspection process was completed. However, the insurer subsequently rejected the claim, with no amount realized under the insurance policy. The company had made further disclosures regarding the matter on March 03, 2025 and September 25, 2025, in compliance with its regulatory obligations.

Key Details of the Consumer Complaint

The following table summarizes the key particulars of the insurance claim and legal action as disclosed by the company:

Restoration and Operational Impact

Zenith Fibres confirmed that normalcy has been fully restored through the replacement of the damaged generator with a new one. The windmill resumed generating power smoothly as of March 1, 2025. Importantly, the company stated that the production of Polypropylene Staple Fiber was not affected during the disruption period, limiting the operational impact of the incident.

Regulatory Disclosure

The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD/2/1/3762/2026 dated January 30, 2026. The disclosure was signed by Dharati Bhavsar, Company Secretary of Zenith Fibres Limited, and submitted to BSE Limited on May 09, 2026. The company has stated that it initiated legal proceedings consequent to the repudiation of the insurance claim, seeking recovery of the expenditure incurred towards restoration and repair of the failed generator.

Zenith Fibres Limited has filed its mandatory compliance certificate with BSE Limited for the quarter ended March 31, 2026. The submission fulfills requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate was submitted on April 09, 2026, and issued by Bigshare Services Pvt. Ltd., which serves as the company's registrar and share transfer agent. Company Secretary Dharati Bhavsar signed the submission letter on behalf of Zenith Fibres Limited.

Certificate Confirmation

Bigshare Services confirmed that all securities received from depository participants for dematerialization up to March 31, 2026 were properly processed and confirmed to the depositories. The registrar verified that:

• Securities received for dematerialization were accepted or rejected as appropriate
• All securities in the certificates have been listed on stock exchanges where previously issued securities are traded
• Security certificates received for dematerialization were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Corporate Information

Zenith Fibres Limited operates from its registered office at 311 Marol Bhavan, 3rd Floor, Marol Co-op. Industrial Estate, M.V. Road, J.B. Nagar, Andheri (East), Mumbai-400059. The company trades on BSE with scrip code 514266.

This regulatory filing represents standard quarterly compliance for listed companies, ensuring transparency in securities handling and depository operations as mandated by SEBI regulations.