CEAT Limited Faces Temporary Suspension of Methanol Procurement License from Maharashtra Food and Drug Administration
CEAT Limited has received an order for the temporary suspension of its license to procure Methanol from the Food and Drug Administration, Maharashtra. The directive relates to alleged violations under the Maharashtra Poisons Rules, 1972.The Food and Drug Administration, Maharashtra issued the order regarding the procurement license. This temporary suspension is scheduled for the period between September 1, 2026, and September 15, 2026. The directive concerns alleged violations under Rules 9 and 11, along with license conditions related to competent person norms.
The communication detailing this action was received by authorized officer(s) on August 18, 2026.
Operational Impact Assessment
Regarding the impact of the suspension order, CEAT Limited stated that no material adverse impact is anticipated on its financial position, operations, or overall business activities. The company noted that it has already addressed the issues raised in the suspension order and has made alternate arrangements to procure Methanol to ensure compliance with applicable Rules.CEATLTD Stock Price Movement
As of 1:42 PM, shares of CEAT Limited are slipping by 1.37% in live trading, currently at ₹3556. The stock trades amid selling pressure, with a traded volume of 40,892 shares and the price staying above its intraday low of ₹3550.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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