Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received ....
BAYERCROP · price
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Bayer CropScience has received an order from the Office of the Joint Commissioner of Customs, Nhavasheva, Maharashtra, imposing a fine and penalty totalling Rs. 3 Million (approx. ₹30 lakh). The order relates to the validity of the import source mentioned in the company's CIB (Central Insecticides Board) registration certificate used for importing company material. The order was received on September 26, 2025. The company has stated that the order is currently appealable and it will assess whether to exercise its right to appeal. The disclosure was filed under SEBI Listing Regulations to keep the stock exchanges informed.
The financial impact is minimal — Rs. 3 Million is a very small amount relative to Bayer CropScience's overall business size. However, the matter concerns import documentation validity, and if the issue is not resolved on appeal, it could potentially create compliance friction for future imports of this material.