LT Foods receives INR 2.65bn insurance claim

LT Foods (BSE:LTFOODS) announced today that it has received an INR 2.65 Billion insurance claim related to a fire incident at its plant in Mandideep, Madhya Pradesh. The claim settlement stems from Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Oriental Insurance Company Limited deposited the amount, which includes INR 1.612 Billion in claim amount and INR 930 Million in interest, after deduction of tax. The amount has been released to Daawat Foods Limited against a 100 percent bank guarantee, pending the final disposal of an appeal filed by Oriental Insurance at the High Court of Madhya Pradesh, Jabalpur Bench. The company has informed the exchanges of the completed transaction on April 9, 2025.