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Radico Khaitan Ltd. - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

| Updated on May 23, 2019

CPCB vide its order dated 17.05.2019 (received on 23.05.2019) has revoked its closure directions dated 18.02.2019. There has been no loss of production during this period due to the earlier closure directions.

The Companys grain plant, malt plant and bottling plants at Rampur, UP, continue to work at their original capacities in compliance with the Zero Liquid Discharge (ZLD) system.

In the order dated 17.05.2019, CPCB has directed the Company to restrict its capacity of molasses plant for country liquor from 200 KLD to 77 KLD until 30.06.2019 while the Company complies with the additional requirements for its Zero Liquid Discharge (ZLD) system. The CPCB has also levied an additional environmental compensation of Rs.1,18,80,000/- (One Crore Eighteen Lakhs and Eighty Thousand) in addition to Rs.27,00,000/- (Twenty Seven Lakhs) already deposited by the Company without prejudice.

While this will not impact IMFL manufacturing operations of the Company, the impact on the country liquor manufacturing is expected to be minimal.

Radico Khaitan is taking suitable action to in compliance with the order.

Pdf Link: Radico Khaitan Ltd. - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

Source : BSE - www.bseindia.com

Published on May 23, 2019

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