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.

Black Rose Industries Limited , a prominent player in the chemicals sector, has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Mayur Desai as Non-Executive Independent Director through electronic voting.

Postal Ballot Notice Details

The company has issued a postal ballot notice dated December 16, 2025, to BSE Limited for seeking member approval through a special resolution. The notice pertains to the appointment of Mr. Mayur Bhupendralalal Desai (DIN: 00358846) as a Non-Executive Independent Director.

Director Appointment Details

Mr. Mayur Desai was initially appointed as an Additional Director (Non-Executive Independent) effective November 11, 2025, subject to member approval through postal ballot. His appointment is proposed for a five-year term from November 11, 2025, to November 10, 2030.

Mr. Desai brings over four decades of experience as a Chartered Accountant, with expertise in:

• Taxation and regulatory matters
• Transaction advisory services
• Corporate governance
• Financial management and oversight
• Mergers and acquisitions

His extensive background includes advising listed companies, multinational corporations, and start-ups on complex tax and regulatory matters. Mr. Desai has also been a former committee member of BCAS (Bombay Chartered Accountants Society) and CTC (Chamber of Tax Consultants).

E-Voting Process

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories. Physical copies of the postal ballot notice are not being sent to members.

The company has appointed Mr. Shiv Hari Jalan, Company Secretary in Practice (Membership No.: FCS5703), as the Scrutinizer for conducting the postal ballot through the e-voting process.

Previous Financial Performance

The company had earlier reported its financial results for Q2 FY2026, showing consolidated revenue from operations of ₹8,397.60 crore compared to ₹9,304.62 crore in Q2 FY2025. The net profit for Q2 FY2026 was ₹442.63 crore versus ₹470.92 crore in the corresponding quarter of the previous year.

Corporate Governance Enhancement

The appointment of Mr. Desai as an independent director represents Black Rose Industries' commitment to strengthening its corporate governance framework. The board believes his extensive professional experience and expertise will contribute significantly to the company's strategic direction and governance practices.