Key Details of Regulatory Action
Action Taken: The Maharashtra Pollution Control Board (MPCB) has issued directions for closure of manufacturing operations at IVP Limited's unit located at D-19/20, MIDC Area Tarapur, Dist. Palghar, Boisar, Tarapur, Maharashtra - 401 506.
Legal Basis: The directions were issued under:
- Section 33A of the Water (Prevention and Control of Pollution) Act, 1974
- Section 31A of the Air (Prevention and Control of Pollution) Act, 1981
Effective Date: The closure directive is effective immediately.
Date of Receipt: The company received the directions on June 29, 2026.
Alleged Violations: The order cites alleged violations 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, as amended from time to time.
Financial and Operational Impact
The company states that the financial and operational impact is not ascertainable at this point in time. No quantifiable monetary impact has been provided in the disclosure.
Company Response and Assurance
IVP Limited has assured stakeholders that it is taking immediate and appropriate measures to address the concerns raised by the regulatory authorities.
Future Communications
The company has committed to intimating further material developments in this matter to the Exchange in a timely manner, in accordance with applicable regulatory requirements.