Premier Explosives Limited has informed the Exchange regarding 'revocation order from Telangana Pollution Control Board'.
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Awaiting price reaction for this filing.
The Telangana Pollution Control Board has revoked its earlier closure order (dated May 7, 2025) against Premier Explosives' factory at Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana. The revocation is valid for three months, subject to the company paying an environmental compensation of Rs. 6.75 lakh. The company has committed to comply with all conditions mentioned in the June 2, 2025 order and plans to resume production at the factory at the earliest. This is a follow-up to the company's earlier intimation dated May 12, 2025 about the original closure.
Positive for shareholders — the factory can resume operations, avoiding a prolonged shutdown and revenue loss. The Rs. 6.75 lakh compensation is a minor cost, though the company must stay compliant over the next three months to prevent further regulatory action.