Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
ADFFOODS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ADF Foods has received revocation orders dated 28th April 2025 from the Gujarat Pollution Control Board (GPCB), lifting the earlier closure directions (dated 11th April 2025) that were issued against three of its manufacturing plants located in the GIDC Industrial Estate, Nadiad, District Kheda. The original closure had been triggered by alleged violations of the Water (Prevention and Control of Pollution) Act, 1974. To secure the revocation, the company paid a combined Interim Environmental Damage Compensation of Rs. 11.5 lakhs to GPCB. The revocation is valid for three months from the date of issuance and is subject to certain conditions which the company says it will work to fulfil at the earliest. The plants can now resume normal operations under the conditional reprieve.
Positive for the stock as the plant closure risk has been resolved quickly, with operations set to resume. The Rs. 11.5 lakh payout is financially immaterial. Investors should monitor whether the company meets the conditions attached to the 3-month revocation, as non-compliance could lead to another closure order.