Hikal Limited announced the personal hearing with MPCB held on March 01, 2022, the company is writing to informed that the Company has received a direction from MPCB on April 22, 2022, for closure of the Company's Manufacturing Unit located at MIDC Taloja, Dist. Raigad, within 15 days of the receipt of the said direction. The Taloja unit had contributed approx.

INR 2,600 million amounting to around 15% of the turnover of the Company for financial year 2020-21. The Company is taking appropriate legal measures as advised by counsels before the Pollution Board as well as Courts to remedy the situation and seek reliefs against the Closure directions.