Bank Guarantee of ₹25 Lakhs forfeited by MPCB over alleged non-compliance of consent conditions
MPCB has forfeited a Bank Guarantee of ₹25 Lakhs furnished by the Company as part of its consent conditions, citing alleged non-compliance observed during a site hearing.
By ScoutQuest · · 1 min read
- Bank Guarantee Forfeited
- ₹25 Lakhs
- Regulator
- Maharashtra Pollution Control Board (MPCB)
- Communication Date
- received October 21, 2026, through a letter dated October 19, 2026
The Company informed the stock exchanges that it received a communication from the Maharashtra Pollution Control Board (MPCB) on October 21, 2026, through a letter dated October 19, 2026.
What the authority has done
- MPCB has forfeited a Bank Guarantee of ₹25 Lakhs that the Company had furnished in its favour as part of its consent conditions.
- The reason cited is alleged non-compliance of consent conditions, observed during a personal hearing at site.
What the Company has said
- The Company states that it has already taken effective steps and that the necessary compliance has been done, and that this has been informed to MPCB.
- The immediate financial impact is stated to be limited to the encashment value of the Bank Guarantee of ₹25 Lakhs.
- There is stated to be no material impact on the business operations or any other activities of the Company due to the forfeiture.
How to read this
A bank guarantee is money an authority can call upon if conditions attached to a permission are not met. A forfeiture means the authority has taken that amount. Here the amount involved is ₹25 Lakhs, and the Company has itself described the immediate financial impact as limited to that value.
The update uses the word alleged for the non-compliance, and the Company's position is that the required compliance has since been completed. The Company's own assessment is that operations and other activities are unaffected by the forfeiture.
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More numbers
- Bank Guarantee forfeited by MPCB₹25 Lakhs
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