Shree Hari Chemicals Export declines on getting closure notice for Mahad factory

19 Jun 2015

Shree Hari Chemicals Export is currently trading at Rs. 102.50, down by 25.60 points or 19.98% from its previous closing of Rs 128.10 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 140.00 and Rs. 102.50 respectively. So far 146986 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.85 on 19-Sep-2014 and a 52 week low of Rs. 57.20 on 19-Jun-2014.

Last one week high and low of the scrip stood at Rs. 140.00 and Rs. 101.10 respectively. The current market cap of the company is Rs. 44.50 crore.

The promoters holding in the company stood at 48.18% while Non-Institutions held 51.82%.

Shree Hari Chemicals Export has received a notice from regional officer Raigad, of Maharashtra Pollution Control Board under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974 and 31A of the Air (Prevention and Control of Pollution) Act, 1981 directing to close down the manufacturing activities at the Company's factory at A/8, MIDC Industrial Area, Mahad, Dist. Raigad (Maharashtra).

Shri Hari Chemicals is one of the eminent manufacturers and exporters of pharmaceutical intermediates & pharmaceutical chemicals. Within a short span of time, the company has earned a prestigious position in the global market with its focus on quality and ethical business practice.

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