Shivalik Bimetal Controls Limited has reported a minor fire incident at its main manufacturing facility, confirming that there were no casualties and no damage to production equipment. The incident occurred in the packaging area on January 28th, 2026, and was quickly brought under control.

Incident Details

The fire incident took place between 10:15 and 10:25 PM on January 28th, 2026, at the company's main plant. The company's in-house fire-fighting team responded promptly, supported by local fire authorities, and successfully extinguished the fire within the timeframe.

Management Response

Managing Director Kabir Ghumman addressed the incident, emphasizing the company's commitment to safety. He stated that safety remains the top priority at Shivalik, and the company's first concern in any such incident is always the well-being of its people. The fire was limited to the packaging area and controlled quickly by the in-house fire-fighting team with timely support from local fire authorities.

Ghumman confirmed that the impact was minimal, with damage confined to the packing area. He highlighted that there were no injuries and no damage to any production equipment, ensuring that operations and customer deliveries remain on track.

Business Continuity and Insurance Coverage

The company has confirmed that it maintains adequate insurance coverage for such incidents. Shivalik Bimetal Controls Limited has initiated an internal review to strengthen preventive measures and ensure safe, stable operations going forward.

The cause of the fire is currently under investigation. The company expressed gratitude to its on-site colleagues for their prompt response and to the fire teams for their assistance during the incident.

Company Operations

Shivalik Bimetal Controls Limited, founded in 1984 and headquartered in New Delhi, specializes in manufacturing thermostatic bimetal/trimetal strips for switching components used in electrical, electronics, automotive, and industrial applications. The company also produces shunt resistors for automotive and industrial equipment segments.

The company operates plants in Chambhaghat and Kather, Solan, with a team of approximately 1000 skilled personnel, serving more than 300 clients globally. Despite the minor incident, the company's operations continue without disruption to customer deliveries.

Shivalik Bimetal Controls Limited , a prominent player in the bimetal industry, has received shareholder approval for a significant change in its promoter structure. At an Extraordinary General Meeting (EGM) held on November 18, 2025, shareholders voted to reclassify 11 promoters and promoter group entities from the 'Promoter/Promoter Group' category to the 'Public' category.

Key Details of the Reclassification

The reclassification, approved under Regulation 31A(3)(vii) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, involves the following changes:

• 11 entities, including individuals and companies, have been reclassified from promoter to public category.
• These entities held no shares in the company at the time of reclassification.
• The move reduces the total number of promoters and promoter group entities to 9.

Voting Results

The resolution for reclassification was passed with overwhelming support from shareholders:

Impact on Shareholding Structure

Post-reclassification, the updated list of promoters and promoter group entities includes:

Corporate Governance Implications

This reclassification aligns with regulatory requirements and may enhance transparency in the company's ownership structure. It reflects a shift in Shivalik Bimetal Controls' promoter composition, potentially impacting future decision-making processes and corporate governance practices.

The EGM, conducted through video conferencing, saw participation from 43 shareholders, including 6 from the promoter and promoter group and 37 from the public. The meeting was chaired by Mr. N. S. Ghumman, Chairman & Whole Time Director of the company.

This move to reclassify these promoters may be seen as a step towards streamlining Shivalik Bimetal Controls' ownership structure and potentially improving its corporate governance framework.