N R Agarwal Industries Limited, a prominent player in the paper industry, has reported a fire incident at its Unit-I plant in Vapi, Gujarat. The incident, which occurred on September 19, 2025, at 6:15 p.m., has resulted in an estimated monetary loss of approximately Rs 4.00 crores and a production loss of about 2,300 MT.

Fire Incident Details

The fire originated in an electrical transformer and subsequently spread to the electrical PCC room, affecting various crucial components including VFDs (Variable Frequency Drives), ACBs (Air Circuit Breakers), and LT (Low Tension) and HT (High Tension) cables. The company swiftly responded to the emergency, utilizing its in-house firefighting systems and receiving additional support from GIDC Vapi fire tenders to bring the situation under control.

Impact and Recovery

The incident has temporarily halted operations at the Unit-I plant, which is located at Plot No.169, Phase II, GIDC, Vapi – 396 195, Dist. Valsad, Gujarat. However, N R Agarwal Industries has expressed optimism about a quick recovery, estimating that the plant will resume operations within 7 days.

Financial Implications and Insurance

To mitigate the financial impact of the incident, N R Agarwal Industries has filed an insurance claim under its Industrial All Risk Insurance Policy. The company's proactive approach in maintaining comprehensive insurance coverage is expected to help offset the losses incurred due to the fire.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, N R Agarwal Industries promptly informed the stock exchanges about the incident.

Company Response

Pooja Daftary, Company Secretary & Compliance Officer of N R Agarwal Industries Limited, officially communicated the incident to the stock exchanges, demonstrating the company's commitment to transparency and regulatory compliance.

The incident serves as a reminder of the operational risks faced by manufacturing companies and the importance of robust safety measures and insurance coverage in mitigating such risks. Investors and stakeholders will likely be watching closely as N R Agarwal Industries works to restore full operations at its Vapi plant in the coming days.

N R Agarwal Industries Ltd. , a prominent paper manufacturing company, has disclosed that the Income Tax Department is conducting search operations at its premises, including plant locations and the residences of certain directors. The company made this announcement in a regulatory filing to the stock exchanges.

Search Operations Underway

According to the company's statement, officials from the Income Tax Department are carrying out the search. N R Agarwal Industries has assured that it is extending full cooperation to the authorities during the course of these proceedings.

Business Operations Unaffected

Despite the ongoing search, N R Agarwal Industries has emphasized that its regular business operations remain unaffected. This assurance is aimed at maintaining stakeholder confidence during this period of scrutiny.

Compliance and Transparency

The company has stated its commitment to conducting business in compliance with all applicable laws and regulations. In line with this commitment and adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, N R Agarwal Industries has promised to make further disclosures of any material developments as and when required.

Management's Response

Pooja Daftary, Company Secretary & Compliance Officer of N R Agarwal Industries, signed the regulatory filing. The company noted that due to the ongoing search, they did not have access to digital signatures, and hence the document was physically signed.

Investors and stakeholders are advised to monitor further announcements from the company regarding this matter.

The Income Tax Department's actions underscore the importance of regulatory compliance in the corporate sector. As the situation develops, more details may emerge about the nature and scope of the search operations at N R Agarwal Industries.