Regulatory Authority Details

  • Authority: Food and Drug Administration, Maharashtra
  • Order Type: Temporary suspension of license to procure Methanol
  • Effective Period: September 1, 2026 to September 15, 2026 (15 days)
  • Governing Regulation: Maharashtra Poisons Rules, 1972

Alleged Violations

The suspension order cites alleged violations under:

  • Rule 9 of Maharashtra Poisons Rules, 1972
  • Rule 11 of Maharashtra Poisons Rules, 1972
  • License conditions relating to competent person norms

Timeline

  • Order Receipt Date: August 18, 2026
  • Communication Received By: Authorized officer(s) of the company
  • Filing Date with Exchanges: August 19, 2026

Company Response and Impact Assessment

The company has provided the following assessment:

  • The suspension order is not yet effective (as of August 19, 2026)
  • Alternate arrangements have been made to procure Methanol in compliance with applicable Rules
  • The issues raised in the suspension order have already been addressed
  • No material adverse impact is anticipated on financial position, operations, or overall business activities

Financial Impact Quantification

The disclosure explicitly states that no material adverse financial impact is anticipated. The company has not quantified any monetary impact from this suspension order.