Laxmi Organic Industries Affirms Compliance with Environmental Regulations at Lote Facility

Laxmi Organic Industries Limited, a leading Indian diversified chemicals producer, has issued a press release clarifying certain recent media reports relating to its manufacturing facility located at Lote Parshuram MIDC, Chiplun, Maharashtra. The company confirms that its Lote facility operates in compliance with all applicable Indian environmental, safety, and regulatory requirements, and has received all statutory approvals since inception. All process emissions and effluents are scientifically treated and appropriately disposed at a State Government approved facility. The company categorically states that recent media reports drawing comparisons between the Company’s Lote operations and those of erstwhile Italian company Miteni S.p.A are inaccurate and misleading. The Lote manufacturing facility operates closed-loop systems that prevent the release of any harmful substances into the environment. The company remains steadfast in its commitment to transparency and continues to actively engage with all relevant stakeholders and government authorities.