Indokem Limited , a chemical manufacturing company, has received a closure notice from the Maharashtra Pollution Control Board (MPCB) for its Ambernath manufacturing unit. This development has raised concerns about the company's operations and compliance with environmental regulations.

Key Points of the Closure Notice

• Authority: Maharashtra Pollution Control Board (MPCB)
• Nature of Action: Closure direction for the Ambernath manufacturing unit
• Location: Plot No. 128, Chikhloli MIDC, Ambernath, Dist. Thane
• Timeframe: Closure to be implemented within 72 hours of notice receipt
• Legal Basis: Issued under Section 33A of the Water (Prevention & Control of Pollution) Act, 1974 and Section 31A of the Air (Prevention & Control of Pollution) Act, 1981

Alleged Violations

The MPCB has cited alleged non-compliances with the Water (Prevention & Control of Pollution) Act, 1974 and the Air (Prevention & Control of Pollution) Act, 1981. The specific details of these violations have not been disclosed in the available information.

Company's Response

Indokem Limited has stated that it is taking the following steps in response to the closure notice:

1. Preparing to submit an appropriate representation to the MPCB for withdrawal of the closure direction
2. Assessing the potential operational and financial impact of the closure order
3. Reiterating its commitment to conducting operations in compliance with all applicable environmental and statutory laws

Potential Impact

The company is currently in the process of ascertaining the extent of the potential impact. The closure of the Ambernath unit, if implemented, could have significant implications for Indokem's operations and financial performance.

Disclosure and Compliance

Indokem Limited has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the communication on November 17, 2025, and promptly informed the BSE Limited of the development.

As the situation unfolds, stakeholders will be watching closely to see how Indokem Limited addresses these environmental concerns and navigates the regulatory challenges. The company's ability to resolve this issue swiftly and effectively will be crucial for its operations and reputation in the chemical manufacturing sector.

Indokem Limited , a leading player in the textile dyes and chemicals sector, has reported robust financial results for the first quarter, alongside announcing strategic business expansions and key board appointments.

Financial Performance

For the quarter ended June 30, Indokem Limited posted impressive growth on both standalone and consolidated bases:

The company's standalone income from operations saw a significant increase of 13.4% year-over-year, rising from Rs 3204.00 lakhs to Rs 3632.00 lakhs. More notably, Indokem turned around its financial performance, reporting a profit before tax of Rs 33.00 lakhs compared to a loss of Rs 181.00 lakhs in the same quarter last year.

On a consolidated basis, the company's performance was even stronger, with income from operations reaching Rs 4157.00 lakhs, up 12.4% from Rs 3698.00 lakhs in the previous year's quarter. The consolidated profit before tax stood at Rs 70.00 lakhs, a substantial improvement from the loss of Rs 139.00 lakhs in the corresponding quarter of the previous year.

Strategic Business Expansion

In a significant move to diversify its business portfolio, Indokem's Board of Directors has approved the company's entry into the digital textile printing technology sector. This strategic decision aligns with Indokem's long-term vision of expanding its presence across the textile value chain and tapping into high-growth, technology-driven segments.

As part of this initiative, Indokem will enter into a Strategic Marketing Partnership Agreement with RDX Digital Technologies, a Coimbatore-based sole proprietorship. This collaboration aims to formalize a business model for marketing, promoting, and selling digital textile printing machines, as well as trading and distributing related consumables and spare parts.

To kickstart this new line of business, the Board has approved an initial investment of Rs 1.20 crore for procuring digital textile printing machines and essential inventory.

Key Appointments and Corporate Actions

The Board meeting also saw several important decisions:

1. Re-appointment of Director: Mrs. Asha M. Khatau has been re-appointed as a Non-Executive Director, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Auditor Appointments:

   • M/s. Y.S. Gokhale & Associates have been appointed as Cost Auditors.
   • M/s. Mayur More & Associates have been named Secretarial Auditors for a five-year term.

3. AGM and Book Closure: The 59th AGM is scheduled for September 25, to be held via video conferencing. The Register of Members and Share Transfer Books will remain closed from September 19-25.

These developments underscore Indokem Limited's commitment to growth, diversification, and maintaining robust corporate governance practices. The company's foray into digital textile printing technology, coupled with its improved financial performance, positions it well for sustained growth in the evolving textile industry landscape.