Black Rose Industries Limited , a chemical manufacturing company, has received significant relief as the Gujarat Pollution Control Board (GPCB) revoked its earlier closure directions for the company's plant in Bharuch, Gujarat. The development marks a positive turn for the company, which can now resume full operations at the facility.

GPCB Revokes Closure Directions

The Gujarat Pollution Control Board issued a revocation order on December 26, 2025, withdrawing the closure directions that were originally issued on December 5, 2025. The revocation provides relief for a period of three months from the date of issuance, allowing the company to operate under prescribed conditions.

Financial Settlement and Compliance

As part of the resolution process, Black Rose Industries has paid an Interim Environmental Damage Compensation of ₹3.80 lakh to the GPCB. This payment was made in accordance with the regulatory requirements and demonstrates the company's commitment to environmental compliance.

The company has confirmed that it does not foresee any material impact on its financials, operations, or other activities due to this development. This assessment is supported by the company's strong financial position, which shows robust growth across key metrics.

Operational Resumption and Financial Strength

Following the revocation of closure directions, Black Rose Industries has resumed operations at the Bharuch plant with immediate effect. The company is operating in accordance with applicable laws and conditions prescribed by the GPCB.

The company's balance sheet reflects a strong financial foundation with significant asset growth and healthy equity position, providing adequate resources to handle regulatory compliance requirements.

Regulatory Compliance and Future Outlook

This development highlights Black Rose Industries' proactive approach to addressing environmental concerns and maintaining regulatory compliance. The three-month relief period provides the company with adequate time to implement any additional environmental safeguards as required by the GPCB.

The successful resolution of the closure order issue, combined with the company's strong financial metrics, positions Black Rose Industries favorably for continued operations in the chemical manufacturing sector. The company's ability to quickly address regulatory concerns while maintaining operational efficiency demonstrates its commitment to sustainable business practices.

Key Highlights

• Ankit Kumar Jain resigns as Company Secretary and Compliance Officer
• Resignation effective from April 30, 2023
• Company to initiate process for appointing a new Company Secretary

Details of the Announcement

Black Rose Industries Limited has announced the resignation of its Company Secretary and Compliance Officer, Ankit Kumar Jain. The resignation will take effect from April 30, 2023.

Impact on the Company

The resignation of a Company Secretary and Compliance Officer is a significant corporate action that can have implications for a company's regulatory compliance and corporate governance. Here are some potential impacts:

1. Temporary Compliance Gap: There may be a temporary gap in compliance-related activities until a new Company Secretary is appointed.

2. Regulatory Filings: The company will need to ensure that all necessary regulatory filings are completed on time during the transition period.

3. Corporate Governance: The Company Secretary plays a crucial role in maintaining good corporate governance practices. The company will need to ensure continuity in this area.

Next Steps for Black Rose Industries

The company has stated that it will initiate the process of appointing a new Company Secretary. This process typically involves:

1. Advertising the position
2. Reviewing applications
3. Conducting interviews
4. Selecting a suitable candidate
5. Obtaining board approval for the appointment
6. Making necessary regulatory disclosures about the new appointment

Investor Considerations

While the resignation of a Company Secretary is a routine corporate action, investors may consider monitoring the following:

1. Timely Appointment: The speed at which the company appoints a new Company Secretary
2. Regulatory Compliance: Any potential delays or issues in regulatory filings during the transition period
3. Reason for Resignation: Any disclosed reasons for the resignation, which could provide insights into the company's internal dynamics

Conclusion

The resignation of Ankit Kumar Jain as Company Secretary and Compliance Officer of Black Rose Industries Limited is a standard corporate action. While it may cause some short-term administrative adjustments, the company is expected to manage the transition. Investors may want to keep an eye on the appointment of a new Company Secretary and any potential impact on the company's regulatory compliance during this period.