The Commissioner of State Excise, Maharashtra has passed an order dated March 3, 2018 cancelling Jubilant Life Sciences’ DS-1 License and Form-I License relating to the Distillery operations of one of its factories located at Nira, Maharashtra and to take necessary criminal action.
The company is taking appropriate action against the Order since the manufacture and supply of alcohol is done only after obtaining necessary approvals of the state excise department. The Distillery operations of the Nira plant are in compliance with the conditions of DS-1 License and Form-I License.
The cancellation of license for Distillery operations will have negligible impact on revenue and no impact on profitability of the company and other Life Science Chemical products manufactured at this location will not get affected on account of this Order.
Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and Drug Discovery Solutions.
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