Hot Pursuit     17-Apr-23
Meghmani Organics tumbles after fire incident in Panoli plant
Meghmani Organics fell 3.64% to Rs 88.10, following a fire incident in the finished goods warehouse of the company's pigment plant located in Panoli (Gujarat) on 16 April 2023, at around 14:55 IST.
There were no casualties or injuries reported, and the authorities have been informed as the exact cause of the fire is under investigation. The company has insurance coverage to mitigate any losses, which are currently being assessed. As the fire occurred in the finished goods warehouse and not the production plant, there is no impact on production. Meghmani Organics will provide updates on the situation when necessary.

Meghmani Organics is a diversified chemicals company with a presence in the pigments and agrochemicals business. The company garners about 80% of its topline from the export markets as on FY22.

Its consolidated net profit declined 87.79% to Rs 8.35 crore on 14.19% fall in net sales to Rs 549.43 crore in Q3 December 2022 over Q3 December 2021.

Previous News
  Meghmani Organics reports consolidated net loss of Rs 17.96 crore in the March 2024 quarter
 ( Results - Announcements 11-May-24   14:00 )
  Meghmani Organics reports consolidated net loss of Rs 15.34 crore in the September 2023 quarter
 ( Results - Announcements 07-Nov-23   15:09 )
  Board of Meghmani Organics recommends Final Dividend
 ( Corporate News - 29-Apr-23   16:46 )
  Meghmani Organics consolidated net profit rises 59.05% in the June 2022 quarter
 ( Results - Announcements 22-Jul-22   15:32 )
  Allcargo Logistics Ltd leads gainers in 'A' group
 ( Hot Pursuit - 02-Jan-24   12:00 )
  Meghmani Organics schedules board meeting
 ( Corporate News - 18-Jul-24   10:29 )
  Meghmani Organics receives affirmation in ratings for bank facilities
 ( Corporate News - 31-Mar-23   16:12 )
  Meghmani Organics commences production at multi-product plant at Dahej
 ( Corporate News - 09-Nov-22   12:20 )
  Meghmani Organics receives order worth USD 100 mn
 ( Corporate News - 14-Nov-22   11:23 )
  Meghmani Organics AGM scheduled
 ( Corporate News - 05-Jun-23   13:52 )
  Meghmani Organics consolidated net profit declines 47.02% in the March 2023 quarter
 ( Results - Announcements 29-Apr-23   14:18 )
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