Garware Hi-Tech Films: MPCB Forfeits ₹25 Lakhs Bank Guarantee

Garware Hi-Tech Films Limited has received a communication from the Maharashtra Pollution Control Board (MPCB) on October 21, 2026, stating the forfeiture of a Bank Guarantee amounting to ₹25 Lakhs. The forfeiture is attributed to alleged non-compliance with consent conditions. The company asserts that it has taken corrective actions and completed necessary compliances, which have been communicated to MPCB. The immediate financial impact is limited to the forfeited amount, with no material impact on the company's business operations.