Announcement under regulations 30 of SEBI (LODR)Regulations, 2015
BLACKROSE · price
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Awaiting price reaction for this filing.
Black Rose Industries has received closure directions from the Gujarat Pollution Control Board (GPCB) on 05 December 2025 for its plant at GIDC Jhagadia, Bharuch, Gujarat, under Section 33-A of the Water (Prevention and Control of Pollution) Act, 1974. The GPCB has asked the company to submit a bank guarantee of Rs. 3,50,000 at the time of revocation and to deposit an interim Environment Damage Compensation amount when determined. The company has stated it has taken immediate steps to address the regulator's concerns and is actively engaging with GPCB to resolve the matter. The exact financial impact on operations is not ascertainable at this stage.
This is a negative development as the plant closure can disrupt production and revenue from the Jhagadia unit, while additional environmental damage compensation could increase costs. However, the bank guarantee amount is relatively small (Rs. 3.5 lakh), suggesting the issue may be more procedural than severe, and timely compliance could limit the financial damage.