Hikal Limited announced that the Company has recently received a communication from the Gujarat Pollution Control Board (GPCB) directing the Company to cease operations of its plant located at GIDC Panoli, Dist. Bharuch, within 15 days from the order date. This directive comes in light of an alleged violation reported to have occurred in 2021.

Name of the authority, Gujarat Pollution Control Board (GPCB), Nature and details of the action(s) taken, initiated or order(s) passed, Direction for closure of operations at the industrial plant of the Company located at GIDC Panol, Dist. Bharuch., Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority, GPCB Order dated July 21, 2023 (Outwarded on 22.07.2023) was received by the Company on July 22, 2023, Details of the violation(s)/contravention(s) committed or alleged to be committed, Alleged violations of certain provisions of Environment (Protection) Act, 1986 and the Rules framed there under., Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible, The financial impact of the order is not ascertainable at this point.