Manufacturing Firm Faces 20% Revenue Drop After Fire, Files Insurance Claims Under Section 2X

A manufacturing company specializing in MDF boards and laminates reported a significant decline in revenue and profitability for Q1 FY2026, primarily due to a fire incident at one of its production facilities causing a 43-day shutdown. The company experienced a 20.4% year-on-year decrease in revenue from operations and posted negative EBITDA and net profit margins. Despite lower volumes, price realizations improved for both MDF boards and laminates. The company has adequate insurance coverage and is filing claims for material damage and loss of profit. It also advanced its expansion plans with the commencement of commercial production at a new laminates facility, pending export certifications. Funding was partially secured through preferential allotment, with some warrants forfeited. The company continues sustainability initiatives by planting millions of saplings and anticipates improved performance in the next quarter due to resumed production and increased capacity utilization.