Competent Automobiles Faces Stockyard Flooding in Haryana, Assessing Damage

Competent Automobiles Company Limited , an authorized Maruti dealer, has reported significant flooding at its stockyard in Bahadurgarh, Haryana, following heavy rainfall and the breakage of the Mangeshpur Drain. The incident has resulted in damage to vehicles parked at the facility, prompting the company to initiate a thorough assessment of the losses incurred.

Incident Details

The flooding occurred at the company's stockyard located at Khasra No. 57, Kharsa 1628/1629, Bahadurgarh, Haryana. Competent Automobiles received information about the incident on September 6, 2025, and promptly notified the BSE Limited as per regulatory requirements.

Damage Assessment and Insurance

While the exact quantum of loss and damage is yet to be determined, Competent Automobiles has assured stakeholders that the company has adequate insurance coverage for the stockyard. The company has already notified its insurance provider about the incident.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Competent Automobiles has provided the following information:

• The expected quantum of loss/damage will be assessed in due course.
• The stockyard has adequate insurance coverage, and the insurance company has been notified.
• The incident is not expected to impact production or operations, as it is limited to the stockyard.

Company Response

Dinesh Kumar, Company Secretary of Competent Automobiles Company Limited, stated in the regulatory filing, "The Company is in the process of ascertaining the actual loss/damage due to this natural calamity." He further assured that the company would provide updates on the situation as more information becomes available.

Investor Implications

While the flooding incident is undoubtedly a setback for Competent Automobiles, the company's proactive approach in addressing the situation and its adequate insurance coverage may help mitigate potential financial impacts. Investors and stakeholders will likely be keeping a close eye on future updates regarding the extent of the damage and any potential effects on the company's operations or financial performance.

Competent Automobiles Company Limited continues to monitor the situation closely and has committed to providing further details as the assessment progresses.