Premier Explosives Ltd saw its shares surge more than 8% on Wednesday after the company announced a major regulatory update. In a filing under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, the firm confirmed that the Telangana Pollution Control Board (TGPCB) has revoked the closure order imposed on its factory in Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District.
The closure order was initially issued following an accident at the unit on April 29, 2025. Today’s communication from TGPCB grants approval for the resumption of production activities at the facility, allowing Premier Explosives to restart operations after months of suspension.
The company also highlighted that it will strictly comply with all conditions laid out by the Pollution Control Board to ensure safe and sustainable manufacturing practices going forward.
Earlier, Premier Explosives had submitted intimations on May 12, 2025, and June 3, 2025, regarding developments in the matter. With the clearance now in place, the lifting of restrictions is expected to have a positive impact on the company’s business outlook.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
