"The panel feels that the depot be relocated. However, we have not sent any official recommendation to that effect yet," said Dr YK Gupta, head of pharmacology at AIIMS who is heading the panel.
The panel had also visited the hospitals where the students had been taken.
A magisterial inquiry set up after the incident has also submitted its preliminary report to the Delhi government.
Union Health Minister JP Nadda had directed central government run hospitals to be ready to help victims of the May 6 incident.
The chemical spill near the two Delhi government-run girl schools had led to toxic fumes rising in the air. Hundreds of students were hospitalised after they complained of breathlessness and irritation in eyes.
On the day of the incident, AIIMS had issued an advisory urging people not to panic.
The chemical 'chloro methyl pyridine', AIIMS said, is a general eye and respiratory irritant and may cause irritation, redness and watering of eyes along with respiratory symptoms like sneezing, coughing or difficulty in breathing.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)