Signet Industries resumes full production after fire at Pithampur plant
NOOR MOHMMED
14/Apr/2025
.jpeg)
-
Signet Industries Limited has resumed full operations at its Pithampur Madhya Pradesh plant after a fire incident that occurred on April 11 2025
-
The company expressed gratitude to the fire department employees and local authorities for their quick and effective response
-
This update was officially communicated to NSE and BSE in compliance with SEBI disclosure requirements
Signet Industries Limited a listed entity on both the National Stock Exchange and Bombay Stock Exchange has officially announced the resumption of full production at its industrial plant located in Pithampur Madhya Pradesh following a recent fire incident on April 11 2025
The facility which is located at Plot Nos 462 to 465 and 476 to 478 Industrial Area Sector 3 Pithampur District Dhar 454775 had briefly suspended operations for restoration and safety inspection after the fire. As of April 14 2025 the plant is back to operating at full capacity.
The company made this official disclosure in a letter addressed to both NSE and BSE and signed by Ms Preeti Singh the Company Secretary and Compliance Officer. The update confirms that the incident has been fully managed and that production has resumed without any remaining impact on daily operations.
Statement from the Company
In the official letter Signet Industries Limited stated
We are pleased to inform you that production has resumed at our facility following the fire incident on April 11 2025. The plant has been fully restored and is now operating at full capacity
Additionally the company acknowledged the efforts of all those involved in managing the situation
We extend our sincere gratitude to the fire department our dedicated employees and the local authorities for their swift and effective response
Operational Readiness and Impact
The quick turnaround in restoring the facility is a strong indicator of Signet Industries’ preparedness and operational resilience. The fire incident which briefly disrupted normal workflow has not resulted in any significant long-term operational or financial consequences.
By acting swiftly the company has successfully:
-
Reinstated its production lines to full capacity
-
Ensured safety protocols were met
-
Maintained stakeholder trust and market stability
About Signet Industries Limited
Signet Industries Limited formerly known as Signet Overseas Limited is a diversified industrial company engaged in:
-
Manufacturing of HDPE and LDPE pipes
-
Development of micro-irrigation systems and agriculture-based infrastructure
-
Polymer trading and plastic solutions
-
Infrastructure for water management and rural development
The company operates a key industrial base in central India with a strong focus on sustainability and innovation in its offerings
Corporate Information
-
CIN L51900MH1985PLC035202
-
GST Number 23AABCS3489F2ZD
-
Registered Office Gala No 02 and 03 Building No A2 Ground Floor Print World Industrial Complex Survey No 1511 Bhiwandi Thane 421302
-
Corporate Office Plot No 99 Small Industrial Park Near MIA TRIP Pithampur Dhar 454775 Madhya Pradesh
-
Website www groupsignet com
-
Email info at groupsignet dot com
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI LODR Regulations 2015 by promptly informing stock exchanges about the incident and restoration.
This transparency ensures:
-
Investor confidence remains stable
-
Regulatory standards are met
-
Corporate governance practices are upheld
Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.
Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.