Shares of Gopal Snacks Ltd. fell by 10% on Thursday, closing at Rs. 406.75 on the BSE, after a major fire broke out at the company’s manufacturing plant on the outskirts of Rajkot, Gujarat. The incident, while causing significant disruption, did not result in any casualties or injuries, according to a company statement.
In a regulatory filing, Gopal Snacks confirmed the safety of its personnel and reassured stakeholders that no data loss or IT system disruptions occurred due to the blaze. “The safety of Gopal Snacks team members always remains its highest priority,” the company stated.
To mitigate the impact of the fire, Gopal Snacks has ramped up production at its Modasa and Nagpur facilities. The company is also collaborating with third-party manufacturers to meet any additional demand and ensure continuity in supply.
Gopal Snacks assured that all assets at the Rajkot plant are fully insured and the insurance provider has been notified. The company is currently assessing the damage and working to restore operations at the Rajkot facility as quickly as possible.
“We are working diligently to restore operations at the Rajkot I facility at the earliest,” the company said in its filing.
Despite the disruption, Gopal Snacks remains confident that the incident will not significantly affect its long-term operations or financial performance. The company’s swift response and contingency measures aim to minimize any prolonged impact.
This incident comes amid a broader trend of increased safety measures in the manufacturing sector, highlighting the importance of operational resilience in the face of unforeseen challenges.