Pursuant to Regulation 30 of the SEBI (LODR)Regulations,2015, we hereby inform you that the Company has received a notice from the Regional Officer, Maharashtra Pollution Control Board ....
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Awaiting price reaction for this filing.
Indokem Ltd has received a notice from the Maharashtra Pollution Control Board (MPCB) ordering the closure of its manufacturing unit at Plot No. 128, Chikhloli MIDC, Ambernath, within 72 hours. The notice, issued under Section 33A of the Water Act, 1974 and Section 31A of the Air Act, 1981, cites alleged violations of pollution control norms. The company has stated it is preparing a representation to MPCB seeking withdrawal of the closure direction and maintains that its operations have always been compliant with environmental laws. The financial and operational impact is still being assessed by the company.
This is a negative development as the forced closure of a manufacturing unit could disrupt production and revenue. Short-term stock price may face pressure until the matter is resolved, though the company's plan to contest the notice provides some mitigation hope.