Lasa Supergenerics Ltd updates on notice from MPCB

Lasa Supergenerics Limited, a vertically integrated group spanning the entire animal and human healthcare value chain announced, that it has received order from Hon'ble High Court, Bombay setting aside disconnection of electricity and water supply on notice of MPCB and also closure dated 06.10.2021 of MPCB shall not be acted on and it shall be treated as show cause notice.

With this order company can restart its mother unit situated at Chiplun, Additionally Hon'ble High Court has also ordered MPCB for re-inspection in the matter of other units and restarts those units on satisfaction which was one of the reliefs we sought.

Commenting on the recent development, Dr. Omkar Herlekar, Chairman & Managing Director, Lasa Supergenerics Limited said: It is heartening to comment on the process of restarting our mother unit which is in advanced stage. We are fortunate enough to have such a judiciary system which actively gets into a situation and ensures that rule of Law is Supreme, justice is impartial to all.

Coming on business, yes we have lost few days in forced closure however, our order books are full for next few months and we are targeting to meet the time gap of production loss in every possible means with full enthusiasm.

At this juncture once again I would like to thank our management team, our suppliers who came forward to support in this testing times so that we can restart our operations at the earliest.

Also, I would like to thank our valued Shareholders, whose support and faith in our Company has given us the determination and ambition to go from strength to strength."

Shares of Lasa Supergenerics Limited was last trading in BSE at Rs. 63.65 as compared to the previous close of Rs. 64.05. The total number of shares traded during the day was 6382 in over 280 trades.

The stock hit an intraday high of Rs. 65.00 and intraday low of 63.50. The net turnover during the day was Rs. 408914.00.

Source : Equity Bulls

Keywords

LasaSupergenerics INE670X01014 MPCB HighCourtOrder ShowCauseNotice Chiplun