Sequent Scientific Limited - Clarification

25 Aug 2022 , 12:00 AM

The Exchange has sought clarification from Sequent Scientific Limited with respect to announcement dated 09-May-2022 informing about Fire incident in wholly owned subsidiary???s Unit at Ramky Pharma City SEZ JNPC, Visakhapatnam.On the basis of aforesaid announcement, the Company is required to provide/clarify the following:Disruption of operations due to natural calamity, force majeure or events such as strikes, lockouts etc (At the time of occurrence) 1. Expected quantum of loss/damage caused; 2. Whether loss/damage covered by insurance or not including amount; 3. Estimated impact on the production/operations in case of strikes/lock outs; Disruption of operations due to natural calamity, force majeure or events such as strikes, lockouts etc (Regularly, till complete normalcy is restored) 1. Insurance amount claimed and realized by the listed entity for the loss/damage; 2. The actual amount of damage caused due to the natural calamity or other force majeure events; 3. Details of steps taken to restore normalcy and the impact of the natural calamity/other force majeure events on production or service, financials of the entity The response of the company is awaited.