Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding order passed by Hon''ble Commercial Dispute Court, Hyderabad.
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Awaiting price reaction for this filing.
The Commercial Dispute Court in Hyderabad has ruled in favour of Duncan Engineering in its long-standing case against Pelican Rubber Limited. The suit, originally filed by Duncan Engineering on 31 October 2018, has been decreed with costs. Pelican Rubber Limited has been ordered to pay Rs. 83.91 lakh to the company, along with 12% per annum interest from the date of suit until the decree, plus future interest at 6% per annum until full realisation on a principal amount of Rs. 60.38 lakh. The decree was pronounced on 8 December 2025. The company expects a favourable financial impact once the awarded amount is recovered.
Positive for shareholders — this is a recovery in favour of the company, though actual cash benefit depends on Pelican Rubber Limited's ability to pay. Materiality is modest given the relatively small amount involved.