Intimation of ad-interim injunction granted by the Hon'ble High Court at Calcutta - restraining the defendants from proceeding Arbitration against the Company.
EMAMIPAP · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.3 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Emami Paper Mills had earlier settled an Admiralty Suit (AS COM No. 4 of 2024) with defendants including Dava Pte Ltd and the owners of vessel MV PH GIANG MINH, which was decreed by consent at the Calcutta High Court. After settlement, Dava Pte Ltd threatened to initiate fresh arbitration before the London Maritime Arbitrators Association (LMAA) on the same matter. The Company filed execution proceedings at the Calcutta High Court, and on 22 July 2025, the Court granted an ad-interim injunction restraining the defendants from pursuing any arbitration against the Company until 20 August 2025. The Company has confirmed there is no material impact on its financial operations from this order.
This is a positive legal development for Emami Paper Mills as it blocks the counterparty from re-litigating a settled dispute through overseas arbitration, protecting the Company from parallel legal proceedings and related costs. No material financial impact is expected, and the stock is unlikely to see significant movement on this news.