Announcement under regulation 30 of SEBI (LODR) Regulations, 2015
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The Gujarat Pollution Control Board (GPCB) has revoked the closure directions it had issued on December 5, 2025 for the company's plant at Jhagadia Industrial Estate, Bharuch, Gujarat. The revocation is valid for three months from December 26, 2025, subject to prescribed conditions. The company has paid an Interim Environmental Damage Compensation of ₹3.80 lakhs to the GPCB. Operations at the Jhagadia plant are resuming immediately in line with applicable laws and GPCB conditions. The company has stated it does not foresee any material impact on its financials, operations, or other activities from this development.
Positive short-term news for shareholders — the plant shutdown lasted only about three weeks and operations are now back online, limiting any production or revenue disruption. The ₹3.8 lakh compensation is a small amount, and the 3-month validity of the revocation means investors should watch for full compliance resolution to avoid repeat action.