Meghmani Organics receives closure notice from GPCB

Meghmani Organics is in receipt of a closure notice from the Gujarat Pollution Control Board (GPCB), Gandhinagar.

The notice is for not complying with the requisite pollution control norms for fire accident. This is in the light of the fire that broke out on March 26, 2019, in one of the company’s agrochemical manufacturing division.

In response, the company has applied for revocation of the closure. It is also working on improving its environmental safety measures to prevent mishaps.

Furthermore, Meghmani Organics has all-risk insurance policy (including loss of profit policy). As such, it is fully covered as far as insurance is concerned.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in India. On Thursday, its shares opened at Rs 60.90, and hit a high and low of Rs 61.80 and Rs. 60.60. The stock closed at Rs 60.90, up 0.33 per cent.