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| Exchange Disseminated Time 25/10/2015 08:13:28 | Aarvee Denims & Exports Ltd has informed BSE that on October 23, 2015, around at 8.20 a.m. approx, there was fire broke out at Companies Matoda unit situated at Sarkhej - Bavla Highway, Ahmedabad at Autocoro department.
Fire was brought under control after considerable efforts by fire fighters. Fortunately, all staff members, workers are safe. No one was injured due to fire.
Due to fire stocks, plant & machinery, ceiling and other areas of fire place were damaged. Production of the damaged unit is also stopped due to fire.
The Company is investigating the Cause but likely cause of fire appears to be spark. Company has lodged the insurance claim with Insurance Company.
The Company extend a note of their sincere gratitude to the Investors and business associates for their support at this juncture. |
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