Gujarat Pollution Control Board (GPCB) has issued the direction to Tatva Chintan Pharma Chem Limited under Section 33(A) of the Water (Prevention and Control of Pollution) Act, 1974, on 13 September 2024, to close the operations at its plant, located at Plot No. 502/8, 17 and 18, GIDC Ankleshwar, Bharuch, Gujarat, India.

Further, the GPCB has asked to submit a bank guarantee of Rs. 2, 00,000 for compliance assurance at the time of revocation and has also ordered to deposit an interim environmental damage compensation amount as and when decided by the Board.

Tatva Chintan has assured its stakeholders that the company is taking immediate and appropriate measures to address the concerns raised by the regulatory authorities.

The company's 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. Over the past few weeks there have been incessant rains in the entire Bharuch district and this is very likely to have been as a result of the same.

Till the aforesaid plant is closed, sale will be made from stock and or from Dahej Plant, which is having much bigger manufacturing capacity. The company will continue to work diligently to resolve this issue and restore normalcy in the earliest possible time.