Hikal shares fall after Maharashta Pollution Control Board sends closure notice for Taloja unit

The MPCB has issued a notice to Hikal to shut down their Taloja plant because of an alleged non-compliance and also because of last month’s issue in the city of Surat, where a couple of people lost their lives due to a chemical leak. This chemical leakage was allegedly coming out of Hikal's unit itself because of which, three directors were put behind bars.