Intimation under Regulation 30 that the Company has received an order against the Company from The Honorable Calcutta High Court
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Awaiting price reaction for this filing.
ARCL Organics Ltd has informed BSE that the Calcutta High Court's Division Bench has rejected its appeal (restoration) in a matter related to Tara Properties Ltd. The company had previously deposited Rs. 7 Crores with the Registrar of the Original Side of the Calcutta High Court in connection with this case. With the appeal dismissed, the expected financial implication on the company is Rs. 5,18,44,990 (approx. Rs. 5.18 Crores) plus interest. The order was received on 08.01.2026. The company has stated it is taking all necessary legal measures to address the issue. No specific penalty, restriction, or sanction has been mentioned in the filing as of now.
This is a negative development for shareholders — the company has lost its appeal and now faces a potential liability of around Rs. 5.18 Crores plus interest. The matter could weigh on the stock in the short term and may invite further questions about the underlying dispute with Tara Properties Ltd.