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Hikal informs about clarification on various media articles

10 Jan 2022 Evaluate

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hikal has informed that Sodium Hydro Sulphide (dilute solution 16%) which is a non- hazardous chemical is generated at the Taloja plant of the Company that was entrusted to Sangam Enviro for processing and onward sale to the textile/cement sector. As per several media reports, around 6 people died and 23 people were hospitalized in Surat (Police Jurisdiction-Sachin GIDC) due to exposure to toxic fumes. The company has clarified that this was from a different Tanker bearing No. GJ-06-ZZ-6221. This was not the same tanker that left the company’s premises in Taloja. The Surat Police is investigating the matter and the Company is rendering all assistance in the matter. The Company has assured all stakeholders that Hikal abides by all the rules and regulations and follows the highest level of HSE standards while conducting business. The Company further informed all stakeholders that all its manufacturing sites are currently operating normally and there has not been any stoppage/disruption in operations at any of the manufacturing sites. Any further development related to this incident will be intimated to all the Stakeholders.

The above information is a part of company’s filings submitted to BSE.

Hikal Share Price

192.15 3.60 (1.91%)
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