Jubilant Life Sciences announced that the National Green Tribunal (NGT) in a hearing on April 26, 2017 in a case relating to the pollution of the river Ganga and drainage canals leading into the river Ganga, has, by way of an oral pronouncement, ordered 13 industrial units situated in Gajraula near the river Bagad to immediately cease operations.

The order of the NGT applies to the company's units in Gajraula.

A committee has been set up by the NGT to inspect amongst other things, the discharge of effluents by the affected industrial units and to provide a report. Each industry has been given an opportunity to respond to the report with an action plan to resolve any deficits identified by the committee, in order to resume operations, within a week of submission of the report.

While a written order of the NGT is awaited, the Company will comply with the oral order of the NGT and will file its response to the report as submitted by the committee, along with an action plan to resolve deficits identified by the committee, if any, before the NGT shortly.

Shares of the company declined Rs 19.1, or 2.44%, to trade at Rs 764.00. The total volume of shares traded was 59,988 at the BSE (11.06 a.m., Thursday).