Cemindia Projects Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CEMPRO · price
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Cemindia Projects Limited has disclosed a favorable court outcome in a criminal case before the Court of Special Judge for SPE & ACB Cases in Vijayawada, Andhra Pradesh. The case was originally registered against a former employee and former representative (both no longer with the Company) alleging attempts to bribe public servants under the Prevention of Corruption Act, 1988. A charge-sheet was also filed against the Company. The Company and former employee filed a Criminal Miscellaneous Petition seeking discharge, and the Court granted this petition on April 13, 2026. As a result, both the former employee and the Company stand fully discharged from the case. No financial implications or claims have been specified.
This is a positive development for the Company as it has been discharged from a criminal bribery case, removing legal uncertainty and potential regulatory risk. The outcome eliminates the threat of prosecution under anti-corruption laws.