Please find attached disclosure under Regulation 30
JUBLFOOD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jubilant FoodWorks Ltd received an order from the Haryana State Pollution Control Board regarding one of its stores in Ballabgarh, Faridabad, Haryana. The company was found operating without prior Consent to Operate (CTO) under the Water (Prevention and Control of Pollution) Act, 1974 and Air (Prevention and Control of Pollution) Act, 1981. As a result, the company has been directed to deposit environmental compensation of Rs. 22,65,000 within one month. The company states there is no material impact on its financial or operational activities. Jubilant FoodWorks is contesting the order and has paid the compensation under protest while following the prescribed procedure.
Minimal direct impact on shareholders as the company has confirmed no material financial or operational impact. The amount of Rs. 22.65 lakh is relatively small for a company of this size, though the regulatory violation and contesting of the order may attract some negative attention.