Electronics Mart India Limited (EMIL) has successfully settled an insurance claim for a fire incident that occurred at one of its godowns in Guntur, Andhra Pradesh. The company announced that it has received a full and final settlement of ₹7.54 crore from its insurance provider.

Incident Details

The fire accident took place at EMIL's godown located in Auto Nagar, Guntur District, Andhra Pradesh. The company had initially estimated the damage at approximately ₹8.17 crore and filed a claim accordingly.

Settlement and Recovery

According to the company's filing with stock exchanges:

• The insurance company has accepted a full and final settlement of ₹7,53,71,836 (₹7.54 crore) against the claim made by Electronics Mart India.
• EMIL is expected to receive the final settlement amount within the next 15 days from the date of the announcement.

Impact and Restoration

The company has provided details on the impact of the fire and its plans for recovery:

1. Damage Assessment: The actual damage caused by the fire accident, as ascertained by the insurance company, amounts to ₹7.54 crore.

2. Restoration Efforts: Electronics Mart India is currently in the process of reconstructing the affected godown. The company stated that upon completion of the rebuilding work, the godown will resume normal operations.

Financial Implications

While the settlement amount is slightly lower than the initial claim, it represents a significant recovery for Electronics Mart India. The prompt settlement of the insurance claim is likely to minimize the financial impact of the incident on the company's operations.

Company's Response

Rajiv Kumar, Company Secretary and Compliance Officer of Electronics Mart India Limited, made the announcement as part of the company's regulatory filings. The disclosure aligns with the transparency requirements set forth by SEBI (Securities and Exchange Board of India) regulations.

Electronics Mart India's proactive approach in addressing the incident and securing a timely insurance settlement demonstrates the company's commitment to maintaining operational stability and shareholder confidence.

As the company moves forward with the reconstruction of its Guntur godown, investors and stakeholders will likely keep a close eye on how quickly EMIL can restore full operational capacity at the affected site.

Electronics Mart India Limited (EMIL) has announced the launch of a new 'Bajaj Electronics' multi-brand store in Chittoor, Andhra Pradesh, marking a significant expansion of its retail presence in the region.

Store Details

The new store, which commenced commercial operations on September 25, 2025, is located at:

• Address: 2-124, 125, Konga Reddy Palli, Survey No. 17/2, Block 2, Chittoor, Andhra Pradesh - 517001
• Area: 5,600 Square Feet

This strategic move by Electronics Mart India demonstrates the company's commitment to enhancing its market presence and serving customers in Andhra Pradesh.

Regulatory Compliance

In compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, Electronics Mart India Limited officially informed the National Stock Exchange of India Ltd. and BSE Limited about the store's opening. The company adheres to transparency norms by promptly disclosing such material developments.

Company Overview

Electronics Mart India Limited, operating under the brand name 'Bajaj Electronics', is a prominent player in the consumer electronics retail sector. The company's expansion into Chittoor aligns with its strategy to strengthen its foothold in key markets and cater to the growing demand for multi-brand electronics stores.

This new outlet adds to Electronics Mart India's existing network of stores, offering a wide range of consumer electronics and home appliances to customers in Chittoor and surrounding areas.

The launch of this store reflects Electronics Mart India's ongoing efforts to expand its retail footprint and enhance accessibility to a diverse range of electronic products for consumers in Andhra Pradesh.