This directive comes in light of an alleged violation reported to have occurred in 2021
Hikal Ltd 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. The GPCB’s order was issued on July 21, and the company has been told to cease operations within 15 days from the order date.
This directive comes in light of an alleged violation reported to have occurred in 2021.
We firmly believe that the closure direction is subject to reconsideration, and we have expressed our stance on the matter to the relevant authorities. Our commitment to environmental responsibility remains unwavering, HIKAL said in a statement.
The statement further reads that Hikal is deeply committed to upholding the principles of Responsible Care and sustainable business practices. As a Responsible Care Certified company, we aim to maintain our focus on long-term sustainability and conduct our operations with unwavering ethics.
We understand the importance of transparency in our communications with our valued investors and stakeholders. Our priority is to keep the interests of our shareholders protected and maintain the highest level of corporate governance.
“At Hikal, we take environmental compliance with the utmost seriousness, and we recognize the significance of adherence to regulations and maintaining ecological harmony. We wish to assure our stakeholders that we are taking immediate and appropriate measures to address the concerns raised by the regulatory authorities. Our team is actively engaged in working with the GPCB to thoroughly understand the reasons behind the direction and to seek a resolution in the most efficient and transparent manner possible,” HIKAL said.
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