Announcement under Regulation 30 (LODR) - In relation to Litigation in the united states
Awaiting price reaction for this filing.
Vadilal Dairy International disclosed details of an ongoing US lawsuit involving the Vadilal group, clarifying its earlier August 25 announcement. The dispute is between Vadilal Industries USA, Inc. and Vadilal International Pvt. Ltd. (Ahmedabad group) over a 1993 Family Agreement concerning product distribution rights in the USA, with the Vadilal Bombay group (the listed entity) defending its contractual rights. On August 1, 2025, the US court stayed proceedings until November 10, 2025 and directed both parties to arbitrate the matter in Mumbai, India. No settlement has been reached yet. The company clarified the delayed detailed disclosure was because it had only received a WhatsApp message from its US legal advisor and was awaiting the written court order. The company stated no material financial impact is currently anticipated, though legal costs are possible, and normal business operations continue.
The court direction to arbitrate in Mumbai (rather than continue US proceedings) is procedurally favorable for the Vadilal Bombay group. However, the underlying family dispute and ongoing legal costs may create some overhang; no immediate impact on financials or operations is expected.