FDA temporarily suspends CEAT's license to procure Methanol
Mumbai, Aug. 19 -- CEAT has received an order for temporary suspension of license to procure Methanol, from the Food and Drug Administration, Maharashtra.
The Suspension order is yet to be effective. The Company has made alternate arrangements to procure Methanol in compliance with the applicable Rules. The issues raised in the suspension order have
already been addressed. Accordingly, no material adverse impact is anticipated on financial position, operations, or overall business activities.
Published by HT Digital Content Services with permission from Capital Market....
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