Business updates are attached.
WELSPLSOL · price
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Awaiting price reaction for this filing.
Welspun Specialty Solutions had been directed by the Gujarat Pollution Control Board (GPCB) in June 2024 to cease operations at its plant in GIDC Jhagadia, Bharuch, Gujarat. A temporary 3-month revocation was granted in July 2024. The company has now received communication dated August 29, 2025 from GPCB confirming the final revocation of those shutdown directions. This means the plant's regulatory closure issue has been fully resolved, allowing unrestricted operations going forward. The company has affirmed its commitment to environmental compliance.
Positive for shareholders — the long-pending regulatory cloud over the Jhagadia plant has been fully cleared, removing uncertainty around operations and potential revenue disruption at this facility.