Signet Industries Limited, a key player in industrial manufacturing, has officially informed the stock exchanges about the resumption of production at its Pithampur plant, located in Sector-3, Industrial Area, District Dhar, Madhya Pradesh. The plant operations had been disrupted due to a fire incident that occurred on April 11, 2025. As per the company’s communication dated 14th April 2025, the production facility has now been fully restored and is operating at full capacity.

This development was disclosed to both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the company’s respective identifiers – BSE Scrip Code: 512131 and NSE Symbol: SIGIND, with the ISIN: INE529F01035.

Background of the Incident

On April 11, 2025, Signet Industries faced an unexpected fire outbreak at its Pithampur-based production unit. The facility, which spans across Plot Nos. 462–465 and 476–478 in Sector-3, is a core part of Signet’s manufacturing operations. Immediate actions were taken by the fire department, along with on-ground support from employees and local authorities, to control and mitigate the situation.

Restoration Efforts

Following the fire, Signet Industries carried out a complete restoration of its production unit. The company ensured that necessary safety checks and infrastructure repairs were completed swiftly to minimize downtime and resume normal operations without delay. According to the disclosure, the plant is now functioning at full capacity, restoring both production targets and supply chain continuity.

Official Communication and Corporate Governance

In compliance with SEBI’s disclosure norms, the company issued the intimation to both NSE and BSE for public dissemination. The communication was signed by Ms. Preeti Singh, the Company Secretary and Compliance Officer, reinforcing the company’s commitment to transparency and regulatory adherence.

This move ensures that all stakeholders, including investors, regulators, partners, and customers, are kept informed about operational developments that may influence the company’s performance and market perception.

Acknowledgment and Gratitude

Signet Industries also extended its sincere gratitude to the fire department, local administration, and its workforce for their quick and effective response during and after the fire incident. Their combined efforts were instrumental in achieving rapid recovery and avoiding any long-term operational impact.

About Signet Industries Limited

Signet Industries Limited, CIN: L51900MH1985PLC035202, is an ISO 9001:2015 certified company with its corporate office at Smart Industrial Park, Near IIM TRIP, Pithampur, District Dhar, M.P. It is involved in diversified industrial sectors and has maintained a consistent presence in manufacturing and trading.

With a registered office in Bhiwandi, Thane, Maharashtra, and multiple plants in Madhya Pradesh, the company continues to focus on innovation, quality, and timely delivery across its industrial verticals.

Outlook

As operations resume, Signet Industries is expected to bounce back to its regular production cycle, delivering on client expectations and market demands. The company's swift recovery post-incident demonstrates its resilience, preparedness, and operational strength in times of crisis.

Moving forward, investors and market participants can expect further updates during the company’s next financial disclosures or quarterly earnings reports, which may provide insights into any financial impact of the incident and recovery trajectory.

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