Indo Amines Limited has submitted a regulatory disclosure to the National Stock Exchange of India Ltd. and BSE Limited regarding conditional permission to resume operations at its Mahad manufacturing facility.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and serves as a continuation to the company's earlier intimation dated August 17, 2026.
Incident Background
- An unfortunate incident occurred at the company's manufacturing facility situated at Plot B-14, Mahad MIDC, District Raigad, Maharashtra on August 15, 2026
- The incident involved a gas leakage at the company's premises
- Operations at the Mahad manufacturing facility were temporarily suspended with effect from August 15, 2026 as a precautionary measure
Conditional Restart Permission
- The company received Conditional Restart Directions dated October 16, 2026 from the Maharashtra Pollution Control Board (MPCB)
- The direction was issued under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974 and Section 31A of the Air (Prevention and Control of Pollution) Act, 1981
- MPCB has permitted the company to resume industrial operations at Plot No. B-14, MIDC, Mahad
- The permission expressly excludes the manufacture of Tetra Butyl Urea (TBU), which was associated with the incident
- Resumption is subject to strict compliance with terms and conditions specified in the direction
Compliance Requirements
- The company has submitted a bank guarantee of ₹4,00,000 to the regional office, Raigad
- The bank guarantee was submitted within 15 days from the date of receipt of the directions
- The company will continue to comply with all conditions stipulated in the Conditional Restart Direction orders
- The company will undertake necessary corrective, preventive and environmental compliance measures
Financial and Operational Impact
- The company does not envisage any material adverse impact on its financial or operational activities pursuant to the Conditional Restart Direction
- The temporary suspension Directions issued earlier by MPCB have been revoked subject to compliance with the conditions
- Manufacturing activities at all other manufacturing units of the company continue to remain operational