Endurance Technologies Limited has informed the Exchange regarding an Order passed by the Uttarakhand Pollution Control Board, Uttarakhand.
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Endurance Technologies has received an assessment order from the Uttarakhand Pollution Control Board (UKPCB) directing it to pay Rs. 33.75 lakh as environmental compensation for its manufacturing plant at IIE, SIIDCUL, Pantnagar. The matter traces back to a 2018 suo motu action by the National Green Tribunal (NGT) based on a newspaper article, following which state pollution boards were asked in 2019 to assess compensation from polluting industrial units. After a Supreme Court stay was vacated in March 2023, the UKPCB issued a reassessed order of Rs. 33.75 lakh based on NGT guidelines. The company has decided to pay the reassessed amount and stated there is no material impact on its financials or operations.
The financial impact is negligible (Rs. 33.75 lakh) and the company has confirmed no material effect on operations, so this is unlikely to move the stock. However, it highlights ongoing environmental compliance risks at the Pantnagar plant that investors should monitor.