Mumbai, February 10, 2025 – Krebs Biochemicals & Industries Limited (BSE: 524518, NSE: KREBSBIO) has announced that the Andhra Pradesh Pollution Control Board (APPCB) has issued an immediate stop-production order for its manufacturing unit located in Kothapalli, Kasimkota, Anakapalli District, Andhra Pradesh.
Regulatory Action Details
The order, dated February 7, 2025, was received by the company on February 9, 2025. The directive was issued due to an alleged violation of pollution control norms and failure to comply with the conditions required for operating the industrial unit.Financial and Operational Impact
The company has acknowledged that the cessation of production activities will impact its income and profitability, with the extent of the financial repercussions depending on the duration of the shutdown.Company's Response
Krebs Biochemicals has stated that it will take immediate corrective actions to ensure compliance with the required consent conditions. The company is engaging with the Andhra Pradesh Pollution Control Board to restore its operational status at the earliest.Investors and stakeholders are advised to monitor further updates regarding the resolution of the issue and potential financial consequences.