Shares of Indokem Limited hit the 5% lower circuit in today’s trade as the Maharashtra Pollution Control Board ordered the closure of its manufacturing unit in Ambarnath, Maharashtra, for violating pollution norms. 

“The company has received a notice from the Regional Officer, Maharashtra Pollution Control Board (MPCB), Kalyan, Dist. Thane, directing the closure of the Company’s manufacturing unit situated at Plot No. 128, Chikhloli MIDC, Ambernath, Taluka Ambernath, Dist. Thane, within 72 hours from receipt of the said notice, for alleged violations of the Water (Prevention and Control of Pollution) Act, 1974, the Air (Prevention and Control of Pollution) Act, 1981, and the rules framed thereunder,” the company stated in an exchange filing.

The company is in the process of submitting an appropriate representation to MPCB for the withdrawal of the said closure direction. It also reiterates that its operations have always been conducted in compliance with all applicable environmental and other statutory laws, and the company shall continue to adhere to such requirements.

As per the filing, the company is in the process of ascertaining the extent of damage.

The shares of Indokem fell from yesterday’s closing of ₹916 to currently trading at ₹878.25, down by 4.19%. The stock had hit a 52-week high of ₹930 on November 13, 2025 and a 52-week low of ₹72.50. Its market capitalisation stands at ₹2,318.91 crore. In the past month, the share price has increased by 51.15%, while it rose by a staggering 336.62% over 6 months. The company was listed in 1995, with a share price of ₹18 apiece, and has given a return of 4,506.39% till date. 

The company’s total income in Q2FY2026 fell to ₹35.94 crore from ₹36.45 crore on a year-on-year basis. Net profit rose to ₹66 lakh, after recording a net loss of ₹72 lakh on a YoY basis.