PBM Polytex Limited, a textile manufacturing company, has commenced repair and restoration work at its Petlad manufacturing unit following a fire incident that occurred on August 17, 2025. The company expects to resume production within the next 7-10 days, as it works diligently to rectify the damages caused by the fire.

Repair and Restoration Progress

In an official communication to the BSE Limited on August 26, 2025, PBM Polytex provided an update on the situation. The company stated that based on the progress made so far, it is estimated that the restoration and repairs will take an additional 7 to 10 days to complete before production can be resumed at the unit.

Insurance Coverage

PBM Polytex has assured stakeholders that its operations are adequately covered under comprehensive insurance policies. These policies include fire insurance and loss of profit coverage, which should help mitigate the financial impact of the incident.

Commitment to Swift Recovery

The company has emphasized its commitment to expediting all required actions to restore normal production operations at the earliest. Swati Billore, Company Secretary & Compliance Officer of PBM Polytex, signed the official communication, reinforcing the company's dedication to transparency and prompt action.

Ongoing Communication

PBM Polytex has pledged to keep the Stock Exchange and all stakeholders informed of any significant developments regarding this matter. This commitment to regular updates demonstrates the company's focus on maintaining clear lines of communication during this challenging period.

Annual General Meeting Announcement

In a separate announcement, PBM Polytex informed shareholders about the upcoming 106th Annual General Meeting (AGM) scheduled for Friday, September 26, 2025. The meeting will be conducted through Video Conference/Other Audio Video Means, adapting to modern communication methods for shareholder engagement.

As PBM Polytex works towards restoring its operations, stakeholders and investors will be closely monitoring the situation for further updates on the company's recovery progress and its potential impact on overall business performance.

PBM Polytex Limited , a prominent textile manufacturer, has reported a fire incident at its Petlad manufacturing unit, leading to a temporary halt in production activities. The company, in an official statement to the Bombay Stock Exchange (BSE), provided details of the incident and its potential impact on operations.

Fire Incident Details

The fire broke out on August 17, 2025, at approximately 10:40 AM, caused by an electrical fault. The incident resulted in damage to some of the main electrical cables that supply power to the production machinery, necessitating a complete stoppage of production activities at the unit.

Safety and Damage Assessment

PBM Polytex emphasized that no personnel were harmed during the incident. The company also reported that there was no damage to machinery, raw materials, finished goods, or the building structure. This suggests that the impact is primarily limited to the electrical infrastructure.

Swift Response and Safety Protocols

The company stated that the fire was swiftly contained, with all safety protocols being effectively followed. This prompt action likely contributed to minimizing the potential damage and ensuring the safety of personnel on site.

Production Restoration Timeline

While a detailed evaluation is still underway, initial estimates suggest that the restoration of production may take approximately 7 to 10 days. PBM Polytex has assured stakeholders that it is taking all necessary steps to expedite repairs and resume operations as quickly as possible.

Management Statement

Gopal Patodia, Managing Director of PBM Polytex Limited, signed the official intimation to the BSE, demonstrating the company's commitment to transparent communication with its stakeholders. The company has pledged to keep all stakeholders informed of any material developments regarding the incident and the restoration process.

Regulatory Compliance

The disclosure of this incident aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prompt disclosure of material events to the stock exchanges.

As the situation develops, investors and stakeholders will be keenly watching for updates on the restoration progress and any potential impact on the company's financial performance for the current quarter.