Electronics Mart India Limited (EMIL) has announced the opening of a new Bajaj Electronics store in Bapulapadu, Andhra Pradesh, marking a significant step in the company's retail expansion strategy. The new outlet, which commenced operations on October 17, 2025, adds to Electronics Mart India's growing network of multi-brand electronics stores across the region.

Store Details

The expansion aligns with Electronics Mart India's commitment to enhancing its retail presence and bringing a wide range of electronic products closer to consumers in various parts of Andhra Pradesh.

Strategic Expansion

This new store opening is part of EMIL's broader strategy to strengthen its market position in the consumer electronics retail sector. By establishing a presence in Bapulapadu, the company aims to tap into the demand for electronic goods in smaller towns and cities.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Electronics Mart India Limited promptly informed the National Stock Exchange of India Ltd. and BSE Limited about this development. This transparency ensures that shareholders and potential investors are kept informed of the company's expansion activities.

The opening of this new Bajaj Electronics store demonstrates Electronics Mart India's continued focus on expanding its retail network. As the company continues to grow its footprint, investors and market watchers may closely monitor how this expansion strategy impacts EMIL's financial performance and market position in the coming quarters.

Electronics Mart India Limited (EMIL) has successfully settled an insurance claim for a fire incident that occurred at one of its godowns in Guntur, Andhra Pradesh. The company announced that it has received a full and final settlement of ₹7.54 crore from its insurance provider.

Incident Details

The fire accident took place at EMIL's godown located in Auto Nagar, Guntur District, Andhra Pradesh. The company had initially estimated the damage at approximately ₹8.17 crore and filed a claim accordingly.

Settlement and Recovery

According to the company's filing with stock exchanges:

• The insurance company has accepted a full and final settlement of ₹7,53,71,836 (₹7.54 crore) against the claim made by Electronics Mart India.
• EMIL is expected to receive the final settlement amount within the next 15 days from the date of the announcement.

Impact and Restoration

The company has provided details on the impact of the fire and its plans for recovery:

1. Damage Assessment: The actual damage caused by the fire accident, as ascertained by the insurance company, amounts to ₹7.54 crore.

2. Restoration Efforts: Electronics Mart India is currently in the process of reconstructing the affected godown. The company stated that upon completion of the rebuilding work, the godown will resume normal operations.

Financial Implications

While the settlement amount is slightly lower than the initial claim, it represents a significant recovery for Electronics Mart India. The prompt settlement of the insurance claim is likely to minimize the financial impact of the incident on the company's operations.

Company's Response

Rajiv Kumar, Company Secretary and Compliance Officer of Electronics Mart India Limited, made the announcement as part of the company's regulatory filings. The disclosure aligns with the transparency requirements set forth by SEBI (Securities and Exchange Board of India) regulations.

Electronics Mart India's proactive approach in addressing the incident and securing a timely insurance settlement demonstrates the company's commitment to maintaining operational stability and shareholder confidence.

As the company moves forward with the reconstruction of its Guntur godown, investors and stakeholders will likely keep a close eye on how quickly EMIL can restore full operational capacity at the affected site.