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| Exchange Received Time 21/11/2018 17:45:46 Exchange Disseminated Time 21/11/2018 17:45:51 Time Taken 00:00:05 | The Company has on Tuesday, 20th November, 2018, end of business hours, received Closure Directions from Maharashtra Pollution Control Board (MPCB) for its manufacturing activities, within 72 hours and take all precautionary measures for safe closure, in relation to its Thane Plant, under Section 33(A) of Water (Prevention & Control Pollution) Act, 1974, and under Section 31 of the Air (Prevention & Control Pollution) Act, 1981, Hazardous & Other Waste (Management & Transboundary Movement) Rules, 2016, alleging violation of Maharashtra Plastic and Thermocol Products (Manufacture, Usage, Sale, Transport, Handling and Storage) Notification dated 23rd March, 2018 and Maharashtra Non-Biodegradable Garbage (Control) Act, 2006.
The Company has filed a Writ Petition in the Bombay High Court on 21st November 2018, challenging and setting aside the Closure Direction.
The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/4/2015 dated 9th September 2015 are given in the enclosed annexure.
Please take the above information and annexure to the letter pursuant to the requirements of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 on your records.
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