Camlin Fine Sciences Limited has informed the stock exchanges about receiving closure directions from the Gujarat Pollution Control Board (GPCB) for its unit located at Plot No. Z/96/D, Part II, Dahej SEZ, Tal. Vagra, Dist. Bharuch. The order, issued on January 17, 2025, under Section 33-A of the Water (Prevention and Control of Pollution) Act, 1974, pertains to non-compliance concerning the environmental management at the unit.

Violation Details

The closure directions cite three key violations that were allegedly committed by the unit:

1. Contaminated water/wastewater found in the storm water drain.
2. Low biomass levels observed in the aeration tank.
3. ETP sludge stored in open areas near the Effluent Treatment Plant (ETP).

Actions Taken by the Company

In response, Camlin Fine Sciences has already addressed and complied with the violations mentioned in the directions. The company has communicated these actions, along with the necessary supporting documents, to the Gujarat Pollution Control Board, confirming its efforts to resolve the alleged issues. Furthermore, Camlin Fine Sciences has initiated steps to seek the revocation of the closure directions, which are set to take effect 15 days from the date of the order (February 1, 2025).

Closure Directions and Compliance Assurance

As part of the closure directions, the company is required to:

• Submit a Bank Guarantee of Rs. 7.5 lakhs to assure compliance with the directions.
• Pay any environmental damage compensation as determined by the Gujarat Pollution Control Board at the time of revocation.
• Cease operations, including stopping manufacturing, 15 days after the order.
• Halt the operation of the DG set and captive power plant (CPP), along with the suspension of electricity and water supply.

Company’s Anticipated Impact

Camlin Fine Sciences does not anticipate any material impact on its production or financial activities due to the closure directions. The company believes that by complying with the required actions and submitting the necessary guarantees, it will be able to reverse the closure orders. Therefore, no significant disruption to the unit's operations is expected.

Compliance with SEBI Regulations

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Camlin Fine Sciences has disclosed the matter to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 30. The company continues to take the necessary steps to ensure the situation is resolved promptly, preventing any adverse effects on its business operations.

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