Antony Waste Handling Cell Limited has informed the Exchange regarding 'Update on Material Subsidiary'.
AWHCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Antony Waste Handling Cell's material subsidiary, Antony Lara Enviro Solutions, along with the Government of Maharashtra and BMC, filed a Special Leave Petition against the Bombay High Court's May 2, 2025 order. The Supreme Court of India has now stayed that order. The High Court order had revoked the 2009 de-notification of 120 hectares at the Kanjurmarg landfill, which would have restored its status as 'protected forest' and potentially disrupted operations within three months. The Kanjurmarg site handles nearly 90% of Mumbai's solid waste, making the stay a significant relief for the company's business continuity.
This is a positive development for shareholders as the Supreme Court stay removes an immediate operational threat to the company's most critical waste management site, which handles nearly 90% of Mumbai's solid waste. Business continuity is preserved for now, though the final court outcome remains pending.