Intimation under Regulation 30 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 regarding the receipt of notice from Karnataka State Pollution Control Board ....
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Storage Technologies and Automation Ltd has received a notice from the Karnataka State Pollution Control Board (KSPCB) directing it to obtain consent under the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act, 1981. The notice was issued because the company's activities now fall under the consent mechanism following the PCB's re-categorization of industries. The company has already applied for the required consent and is taking steps to comply. It has stated that the notice has no material financial or operational impact and that the disclosure is being made voluntarily in the interest of transparency.
This is a routine environmental compliance notice with no material financial or operational impact as confirmed by the company. Shareholders are unlikely to see any meaningful effect on the stock or business from this disclosure.