A fire erupted at a Gul Ahmed Textile Mills warehouse in Landhi. This prompted the company to issue a mandatory notice to the Pakistan Stock Exchange on Tuesday. The incident affected some inventories and fixed assets stored inside the facility. The company said it has started a detailed assessment to determine the scale of the damage and the possible operational impact.
Gul Ahmed reassured investors that the affected inventory is fully covered under comprehensive insurance policies. This reduces the risk of a major financial loss and helps maintain confidence among shareholders. The PSX filing was signed by Company Secretary Salim Ghaffar.
The notice reports:
The Company is in close coordination with insurance providers, safety authorities, and relevant stakeholders to manage the situation efficiently and ensure business continuity.