Commodities: Mumbai Bourse: Fire Broke Out At Companies Matoda Unit Situated At Sarkhej – Bavla Highway, Ahmedabad

Sat Oct 24 22:44:30 2015 EDT

25-10-2015 8:13:24

   Aarvee Denims & Exports Ltd has informed BSE that on October 23, 2015, around at 8.20 a.m. approx, there was fire
broke out at Companies Matoda unit situated at Sarkhej - Bavla Highway, Ahmedabad at Autocoro department.

   Fire was brought under control after considerable efforts by fire fighters. Fortunately, all staff members, workers
are safe. No one was injured due to fire.

   Due to fire stocks, plant & machinery, ceiling and other areas of fire place were damaged. Production of the damaged
unit is also stopped due to fire.

   The Company is investigating the Cause but likely cause of fire appears to be spark. Company has lodged the
insurance claim with Insurance Company.

   The Company extend a note of their sincere gratitude to the Investors and business associates for their support at
this juncture.

  (END) Dow Jones Newswires

  October 24, 2015 22:44 ET (02:44 GMT)

102515 02:44 -- GMT