as per attached document
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Awaiting price reaction for this filing.
Banganga Paper Industries' wholly owned subsidiary, Banganga Paper Mills, has received a renewed environmental certification from the Maharashtra Pollution Control Board (MPCB), authorizing its Kraft Paper unit in Dindori, Nashik to operate until March 31, 2029. The certification confirms compliance with the Water (Prevention & Control of Pollution) Act, 1974, and the Air (Prevention & Control of Pollution) Act, 1981. The company has implemented sustainable practices including use of Refuse-Derived Fuel (RDF) in its 12 TPH boiler, a Zero Liquid Discharge (ZLD) system with 100% water recycling, and comprehensive waste management (ETP sludge repurposed as manure, boiler ash sold to brick manufacturers). These initiatives are expected to save the company ₹500 per tonne of Kraft paper manufactured through reduced water costs, lower waste disposal expenses, and revenue from recycled by-products.
This regulatory clearance provides operational certainty for nearly four more years, removing any near-term risk of shutdown. The cost savings of ₹500 per tonne and circular-economy benefits could improve margins and make the stock more attractive to ESG-focused investors.