TTK Prestige Limited , a leading kitchen appliances manufacturer, has reported a fire incident at its Roorkee manufacturing facility in Uttarakhand. The incident occurred in the early hours of November 12, 2025, but was promptly brought under control, according to a company statement.

Incident Details and Impact

The company has disclosed that while there was no damage to plant and machinery, certain raw materials, consumables, and finished goods were partially affected. TTK Prestige has assured stakeholders that the affected materials are adequately covered under insurance.

Operational Status

As a precautionary measure, production at the Roorkee facility has been temporarily suspended for one day. This brief halt will allow for a thorough investigation, inspection, and assessment of the incident. The company emphasized that this temporary suspension will not impact its sales or supplies, as it maintains sufficient finished goods inventory to meet current demand.

Financial Implications

TTK Prestige has stated that there will be no significant financial impact due to this incident. The company's proactive approach in managing its inventory and insurance coverage is expected to mitigate any potential short-term effects on its operations.

Resumption of Operations

The company is taking all necessary steps to resume normal operations at the earliest. While the exact timeline for full resumption hasn't been specified, the limited duration of the production suspension suggests a quick return to regular manufacturing activities.

Transparency and Compliance

In line with regulatory requirements, TTK Prestige has made this disclosure voluntarily under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This prompt communication demonstrates the company's commitment to transparency and adherence to corporate governance standards.

TTK Prestige's swift response to the incident and its assurance of minimal impact on operations are likely to be viewed positively by investors and stakeholders. The company's preparedness in terms of insurance coverage and inventory management showcases its robust risk mitigation strategies.

TTK Prestige Limited , a renowned kitchen appliance manufacturer, has introduced a Voluntary Retirement Scheme (VRS) for workmen at its Hosur factory, signaling a significant move in its workforce management strategy.

Key Details of the Voluntary Retirement Scheme

Scheme Implementation and Impact

The company disclosed that between the evening of October 30 and the morning of October 31, 2025, about 43 workmen had already opted for the scheme. TTK Prestige anticipates additional acceptances before the scheme's closing date on November 1, 2025.

Company's Perspective

TTK Prestige believes that the implementation of this VRS will be mutually beneficial for both the workmen and the company. This strategic move may be aimed at optimizing operational efficiency and managing labor costs effectively.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, TTK Prestige has duly informed the National Stock Exchange and BSE Limited about this development. The company has also clarified that further disclosures as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are not applicable in this case.

This move by TTK Prestige comes at a time when many companies are reassessing their workforce strategies in response to changing market dynamics and operational requirements.