Key Event Details

  • Received Closure Directions letter from Gujarat Pollution Control Board (GPCB) on July 21, 2026
  • 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
  • Mandates closure of manufacturing operations at the Company's plant located at Plot No. 1723, 1724 and 1746, Village Tundav, Tal. Salvi, Dist. Vadodara – 392 530, Gujarat
  • Closure effective 15 days from date of issuance of the letter (approximately August 5, 2026)

Reason for Closure Direction

  • Based on inspection conducted by GPCB on July 13, 2026
  • Certain non-compliances of Water Act, Air Act and Consolidated Consents and Authorization (CCA) conditions were observed

Financial and Operational Impact

  • The closure of operation will be effective from 15th day of issuance of the closure direction letter
  • Company states there is no impact on financial, operational or other activities of the Company as on date
  • Manufacturing activities at all other manufacturing units of the Company will remain operational

Company Response and Actions

  • Company is taking appropriate corrective measures to address the observations made by GPCB
  • In process of submitting requisite response to obtain revocation of the closure directions
  • Company will update stock exchanges of material development, if any, in the future