29 May 20 | 16:00
Vikas EcoTech Ltd
Exchange Received Time
Exchange Disseminated Time
Receipt Of Insurance Claim Of Rs. 8.37 Crores |
9/21/2019 10:38:11 PM
We write to advise that the Company has received an amount of Rs. 8.37 Crores towards its insurance claim filed with Oriental Insurance Co. Ltd. ('Oriental') for the losses incurred on account of fire in its Rajasthan factory viz. Unit II of RIICO Industrial Area, Shahjahanpur, Alwar, Rajasthan and the same was reported as part of exceptional items in financials for the year ended 31st March, 2017.
The Company had filed an insurance claim of Rs. 16.31 Crores with Oriental. The Company plans to approach the appropriate Appellate authority for an appeal against the reduction of its claim and is expecting a favourable judgement.
Request you to take the same on your records.
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30 May 20|05:14 (IST)