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Awaiting price reaction for this filing.
Alfavision Overseas India has informed BSE that its petition before the Hon'ble High Court was heard on 09 December 2025. The petition relates to a long-pending land acquisition — a bid made by the company for 9.8 acres of land in Ujjain, which had received a Letter of Intent from MP Textile Corporation way back in 1998. The Court has admitted the petition and issued notice to the respondents, making the notices returnable within 8 weeks. The company must pay the process fee within 7 working days, failing which the petition would be automatically dismissed.
This is a procedural update on an old land acquisition dispute and not an adverse ruling. The petition has been admitted, which is a positive step for the company, but the actual outcome of the land claim remains pending and uncertain. No immediate material impact on shareholders is expected from this development.