Legal proceedings against Chairman in personal capacity in Singapore
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CLN Energy informed BSE that legal proceedings in Singapore are pending against Mr. Rajiv Seth, its Non-executive Director and Chairman, in his personal capacity over a commercial dispute. The director is contesting the case through his legal counsel, citing procedural and merit-based grounds. The board clarified the proceedings are against Mr. Seth personally and do not involve the company or any of its assets or liabilities. Management expects no impact on operations, financial position, or business, and will update on material developments.
Personal legal matter involving the Chairman; company states no impact on operations or financials as case is in his personal capacity.