PBM Polytex Nears Completion of Fire Damage Repairs at Petlad Manufacturing Unit

1 min read     Updated on 04 Sept 2025, 01:34 PM
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Naman SharmaScanX News Team
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Overview

PBM Polytex Limited is close to finalizing restoration and repair work at its Petlad manufacturing unit following a fire on August 17, 2025. The company reports swift progress in recovery efforts, with repairs completed ahead of schedule. Final testing of electrical systems, plant, and machinery is expected to conclude within days. Normal production is anticipated to resume shortly thereafter. PBM Polytex has maintained transparency throughout the process, providing regular updates in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

PBM Polytex Limited , a prominent textile manufacturer, has announced that it is on the verge of completing restoration and repair activities at its Petlad manufacturing unit following a fire incident that occurred on August 17, 2025. The company has made significant progress in its recovery efforts, demonstrating resilience and efficient management in the face of adversity.

Swift Recovery and Efficient Repairs

According to a recent update from the company, the restoration work has been carried out at an impressive pace, with repairs being completed well within the estimated timelines. This rapid recovery is attributed to the coordinated efforts of PBM Polytex's management and operational teams, who have worked diligently while maintaining strict adherence to safety protocols.

Final Stages of Restoration

The company is now in the final stages of its recovery process. PBM Polytex reports that the completion of testing for all electrical systems, plant, and machinery is expected within the next few days. This thorough testing phase is crucial to ensure the safety and operational efficiency of the facility before resuming production.

Anticipated Resumption of Operations

Upon successful completion of the testing processes, PBM Polytex anticipates the resumption of normal production at the Petlad unit shortly. This news comes as a positive development for the company and its stakeholders, signaling a return to full operational capacity in the near future.

Regulatory Compliance and Transparency

In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, PBM Polytex has been keeping the Stock Exchange and its stakeholders informed about the progress of the restoration work. The company's commitment to transparency is evident in its regular updates since the initial fire incident.

Looking Ahead

The swift recovery and imminent resumption of operations at the Petlad manufacturing unit demonstrate PBM Polytex's resilience and effective crisis management. As the company moves towards normalizing its operations, stakeholders will likely be watching closely for the positive impact this may have on the company's performance in the coming months.

PBM Polytex Limited continues to monitor the situation closely and has pledged to provide further updates on any significant developments regarding the matter.

Historical Stock Returns for PBM Polytex

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PBM Polytex Initiates Repairs After Fire Incident, Production to Resume in 7-10 Days

1 min read     Updated on 26 Aug 2025, 01:18 PM
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Reviewed by
Radhika SahaniScanX News Team
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Overview

PBM Polytex Limited has begun repair and restoration work at its Petlad manufacturing unit following a fire on August 17, 2025. The company anticipates resuming production within 7-10 days. PBM Polytex has assured stakeholders that its operations are covered under comprehensive insurance policies, including fire insurance and loss of profit coverage. The company is committed to swift recovery and will keep stakeholders informed of significant developments. Separately, PBM Polytex announced its 106th Annual General Meeting scheduled for September 26, 2025, to be conducted via video conference.

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*this image is generated using AI for illustrative purposes only.

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.

Historical Stock Returns for PBM Polytex

1 Day5 Days1 Month6 Months1 Year5 Years
+4.47%+4.42%-3.44%+5.32%-28.18%+96.68%
PBM Polytex
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