SVP Global Ventures , a prominent player in the textile industry, has reported a significant fire incident at its plant office/warehouse/records storage facility in Jhalawar, Rajasthan. The incident, which occurred on August 25 at midnight, has resulted in the damage of several physical records and documents.

Incident Details

The fire broke out at the company's facility located at Plot No SP - 2 Industrial Area, Dhanodi, Jhalawar – 326 001, Rajasthan. The company has informed that due to this unforeseen event, numerous physical records and documents maintained at the premises have been damaged or burnt and are no longer retrievable.

Company's Response

SVP Global Ventures is currently assessing the extent of the loss and is taking necessary steps to recover and reconstruct the lost data and documents to the extent possible. The company has reported the incident to local authorities and filed a First Information Report (FIR).

Impact Assessment

The full extent of the damage and loss caused by the fire is still under evaluation. SVP Global Ventures has stated that they will inform the stock exchanges once the final assessment is completed and a clear estimate of the loss is determined.

Insurance Coverage

Importantly, the company has disclosed that the damage is not covered by insurance. This lack of coverage could potentially lead to significant financial implications for SVP Global Ventures, depending on the extent of the losses.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SVP Global Ventures has submitted a revised intimation regarding the loss of records due to the fire incident. This disclosure ensures transparency with investors and regulatory bodies.

Looking Ahead

The company has assured stakeholders that it will keep the stock exchanges informed of further developments regarding this incident. As the assessment is ongoing, investors and market watchers will be keenly awaiting updates on the full impact of this fire on SVP Global Ventures' operations and financial position.

The incident underscores the importance of robust disaster recovery plans and digital record-keeping practices in today's business environment. It also highlights the potential risks associated with physical document storage and the need for comprehensive insurance coverage in the face of unforeseen events.

SVP Global Ventures , formerly known as SVP Global Textiles Limited, has reported a significant fire incident at its facility in Rajasthan, resulting in the loss of important physical records and documents.

Fire Incident Details

The fire broke out on August 25, 2025, at midnight, affecting the company's plant office, warehouse, and records storage facility located at Plot No SP - 2 Industrial Area, Dhanodi, Jhalawar, Rajasthan. The incident has led to the damage and destruction of several physical records and documents, which are now irretrievable.

Company's Response

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SVP Global Ventures has officially notified the stock exchanges about the incident. The company is currently:

• Assessing the extent of the losses
• Taking necessary steps to recover and reconstruct lost data where possible
• Working on retrieving and reconstructing the lost documents to the extent feasible

Legal Action

The company has taken prompt action by reporting the incident to local authorities. A First Information Report (FIR) has been filed regarding the fire, demonstrating the company's commitment to transparency and proper procedure in addressing the situation.

Impact on Operations

While the full extent of the damage is still being evaluated, the loss of physical records could potentially affect various aspects of the company's operations. However, SVP Global Ventures has not provided specific details on how this incident might impact its day-to-day business or financial reporting capabilities.

Management Statement

Gopal Lohia, Director of SVP Global Ventures, signed the official intimation to the stock exchanges. The company has promised to keep the exchanges informed of further developments regarding this incident.

Investor Considerations

Shareholders and potential investors should be aware that the loss of physical records might lead to challenges in historical data retrieval and potentially affect certain aspects of the company's operations or reporting. It is advisable to monitor further updates from the company regarding the impact of this incident on its business processes and financial reporting.

SVP Global Ventures continues to assess the situation and implement measures to mitigate the impact of this unfortunate event. Stakeholders are encouraged to stay tuned for additional updates from the company as it navigates through this challenging situation.