The Maharashtra Pollution Control Board has issued an Interim Direction forfeiting a bank guarantee of Rs 15 Lakh related to Grasim’s Premium Fabric Unit in Kolhapur. This action relates to alleged contraventions and directions regarding the operation and maintenance of effluent treatment and the discharge of colored effluent outside the premises.
Bank Guarantee Forfeiture
The Maharashtra Pollution Control Board has issued an Interim Direction regarding Grasim Industries’ Premium Fabric Unit located in Kolhapur. The board has decided to forfeit a bank guarantee amounting to Rs 15 Lakh.
Reasons for the Action
The forfeiture is based on alleged violations and contraventions connected to the operation and maintenance of the effluent treatment plant (ETP) at the Kolhapur facility. The specific concerns involve directions related to not discharging colored effluent outside the premises. The interim directions were received via mail on October 13, 2025.
Further Instructions
Along with the forfeiture of Rs 15 Lakh, the Pollution Control Board has instructed Grasim Industries to submit a top-up bank guarantee of Rs 30 Lakh.
Financial Impact
The financial impact of this event is limited to the bank guarantee amount. Therefore, the company states that there is no expected material impact on the company’s financials or operations beyond the Rs 15 Lakh forfeiture.
Source: BSE
