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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Garware Hi-Tech Films Ltd
Garware Hi-Tech Films: MPCB Forfeits Bank Guarantee of ₹25 Lakhs
REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 22 Oct 2026, 09:44 AM IST  ·  BSE ID: f9cad145-fc1f-412e-b0b2-2cd4bf109929
View Original BSE Filing (PDF)
💡
In Simple Terms
The pollution board has taken ₹25 Lakhs from the company's bank guarantee due to claimed rule violations.
🤖 AI Summary
  • MPCB forfeits Garware Hi-Tech Films' bank guarantee of ₹25 Lakhs over alleged non-compliance.
  • The forfeiture follows a communication received by the company on October 21, 2026.
  • MPCB cites alleged non-compliances of consent conditions observed during a site inspection.
  • Company states compliance steps were taken and communicated to MPCB prior to forfeiture.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Bank Guarantee Forfeited
₹25 Lakhs
🏢 How This Affects the Company
📈
Business Impact
There is no material impact on the business operations or any other activities of the Company.
💰
Financial Impact
The immediate financial impact is limited to the encashment value of the Bank Guarantee of ₹25 Lakhs.
⚠️
Risk Impact
This action flags an instance of alleged non-compliance with environmental consent conditions by the MPCB.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders.
👤
Who Is Affected
All shareholders are indirectly affected by regulatory actions, though the direct financial impact is limited to ₹25 Lakhs.
🔍
Management Signal
Management has taken corrective steps and communicated compliance to the MPCB, indicating a proactive approach to regulatory matters.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Confirmation of bank guarantee encashment by MPCB.
Any further communication from MPCB regarding compliance.
Future disclosures on environmental compliance status.
MEDIUM RISK Alleged non-compliance and forfeiture of bank guarantee raises concerns about regulatory adherence.
💡 Investor Takeaway
Garware Hi-Tech Films' ₹25 Lakhs bank guarantee was forfeited by MPCB for alleged non-compliance, with no material impact stated on business operations.
⚖️ Strengths & Concerns

⚠️ Concerns

  • MPCB forfeited ₹25 Lakhs bank guarantee due to alleged non-compliance with consent conditions.
❓ Frequently Asked Questions
What amount did the Maharashtra Pollution Control Board forfeit from Garware Hi-Tech Films?
The Maharashtra Pollution Control Board forfeited a bank guarantee amounting to ₹25 Lakhs.
Why did MPCB forfeit Garware Hi-Tech Films' bank guarantee?
MPCB forfeited the bank guarantee due to alleged non-compliances of consent conditions observed during a site inspection.
What is the financial impact of the forfeited bank guarantee on Garware Hi-Tech Films?
The immediate financial impact is limited to the encashment value of the Bank Guarantee of ₹25 Lakhs.
Did Garware Hi-Tech Films address the alleged non-compliance issues?
Yes, the company stated that it has already taken effective steps and necessary compliance has been done and informed to MPCB.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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