An explosion and fire occurred at the Umred Manufacturing Unit of MMP Industries Limited in the Aluminium Powder division, resulting in the tragic loss of 5 lives.

The company expresses deep condolences to the affected families.

Investigations are underway to determine the incident's root causes and to establish corrective measures.

Fortunately, the losses to inventory and machinery are fully insured.

Operations are expected to resume after completing all necessary statutory formalities.

The company is ensuring that all appropriate departments and authorities have been informed, and further updates will be provided as the situation develops.