Shares of Gillette India declined in early trade on Monday, March 16, after the company disclosed a regulatory update related to one of its manufacturing facilities.
The stock was trading at Rs 7,925.50, down Rs 54 or 0.68% compared to the previous close of Rs 7,979.50 on the National Stock Exchange (NSE).
RSPCB refuses renewal of Consent to Operate
Gillette India informed stock exchanges that the Rajasthan State Pollution Control Board (RSPCB) has refused to renew the Consent to Operate (CTO) for its Bhiwadi manufacturing facility. The development was disclosed through an official filing under Regulation 30 of SEBI Listing Regulations on March 15, 2026.
According to the company’s disclosure, the RSPCB communicated its decision through a letter dated February 18, 2026, rejecting both the renewal of Consent to Operate and the authorization under the Hazardous Waste (Management and Transboundary Movement) Rules.
Company evaluating legal remedies
Following the refusal, Gillette India stated it is evaluating appropriate legal remedies to address the regulatory decision. The company also said it is engaging with the Rajasthan State Pollution Control Board to resolve the issue through discussions and regulatory processes.
The company added that it will continue updating stock exchanges regarding any material developments related to the matter.
The refusal of the Consent to Operate permit could potentially impact operations at the Bhiwadi manufacturing facility, making the regulatory issue a key factor influencing investor sentiment during Monday’s trading session.
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.