ADF Foods Limited — Important, 28-04-2025: Disclosure of material issue

ADF Foods has received revocation orders from the Gujarat Pollution Control Board (GPCB) regarding the closure of two of its plants in Nadiad, which were initially ordered due to alleged violations of environmental regulations. The company paid an interim environmental damage compensation of Rs. 11.50 crore, resulting in the revocation of the closure directives.

The revocation is valid for three months but comes with conditions that the company must fulfill to maintain compliance. ADF Foods has confirmed its commitment to adhering to regulatory standards and has stated that it will take necessary actions to comply with the conditions outlined in the revocation orders.

This development is positive as it allows the company to resume operations, potentially mitigating any adverse financial impact from the closure. However, ongoing regulatory compliance will be crucial in sustaining operational stability.