Excel Industries has informed the Company has received a Notice from Maharashtra Pollution Control Board (Regional Office – Raigad) that bank guarantee of Rs 1 lakh issued by the Company has been forfeited by them for non-compliance of certain provisions of Water (Prevention and Control of Pollution) Act, 1974 and Air (Prevention and Control of Pollution) Act, 1981. Details that need to be provided as per SEBI Notification No. SEBI/LAD-NRO/GN/2023/131 dated 14th June, 2023 are attached as Annexure I to this letter.
The above information is a part of company’s filings submitted to BSE.