Further to our intimation dated May 27, 2026 and May 28, 2026, we would like to inform you that the company and 4 others had filed a Writ appeal before the Hon''ble High Court of Kerala ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cochin Minerals & Rutiles Ltd, along with 4 others, had filed a Writ Appeal before the High Court of Kerala challenging the earlier refusal to quash an ECIR (Enforcement Case Information Report) and related proceedings initiated by the Enforcement Directorate (ED), Kochi Zonal Office. The Division Bench dismissed the appeal on June 5, 2026, holding that registration of a scheduled offence is not a prerequisite for civil action or enquiry under the Prevention of Money Laundering Act (PMLA), and that the prayer to quash the ECIR cannot be granted. The court upheld the Single Judge's earlier order, meaning the ECIR and PMLA proceedings against the company will continue. The company has stated that it does not anticipate any material impact on its financial position, operations, or other activities.
This is a legal setback for the company as the ED's investigation under PMLA will proceed, but management has indicated no quantifiable financial or operational impact at this stage. Shareholders should watch for further updates on the ED proceedings, as adverse findings could pose future risks.