Reply to Clarification Sought by the Stock Exchange(s)
DLF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DLF responded to a stock exchange query about a news18.com article headlined 'No Water, No Power at DLF's Luxury Homes in Gurgaon, Supreme Court Orders CBI Probe', calling the headline misleading and sensationalised. The project in question, 'The Primus' in New Gurgaon, was developed by DLF Home Developers Limited (DHDL), a wholly owned subsidiary, and has 624 apartments where possession was handed over in 2017 with water, electricity and required amenities. The underlying matter stems from consumer complaints filed by 5 allottees, originally decided by the National Consumer Disputes Redressal Commission (NCDRC) in May 2023, with both parties now appealing in the Supreme Court. The Supreme Court's interim order of 25 February 2026 directed an inquiry but expressly clarified that no definitive opinion has been expressed for or against any party. DLF stated the matter is sub judice, no final order exists, and there is no material business impact, while attributing the 4 March 2026 share price decline to broader market and geo-political factors rather than company-specific issues.
No material impact on the company's business or operations at this stage, according to DLF. The clarification aims to calm investor concerns by pushing back on sensational reporting and explaining that the legal proceedings are still in an interim inquiry phase with no adverse ruling against the company.