VIP Industries has informed that on January 31, 2023, at around 3 pm IST, fire occurred at VIP Industries Bangladesh (Subsidiary of the Company) Plant located at Plot No. 74-83, Epz Mongla, Bangladesh. The Plant manufactures bags and supplies to VIP Industries Limited ('the Company') in India and contributes approximately 9.9% of the consolidated revenue of the Company. The fire was controlled, but production operation of the said plant is temporarily disrupted. There are no human injuries or casualties reported. Adequate steps are being undertaken to restore the operation of the plant. The Company is in the process of ascertaining the cause of the fire and the actual loss caused by it. There is adequate insurance coverage for said plant and intimation to Insurance Company has already been made.
The above information is a part of company’s filings submitted to BSE.
