Eveready Industries India Limited has informed the Exchange regarding 'Updates'.
EVEREADY · price
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The Calcutta-based Eveready Industries India Limited has disclosed that Hon'ble Patiala House Courts, New Delhi passed an order on May 15, 2026 related to alleged unauthorized occupation of 5,471 sq. feet at UCO Bank Building, Parliament Street, New Delhi. The court has ordered the company to pay damages of approximately Rs. 7.11 crores to UCO Bank, excluding interest. The company received a copy of the order on May 17, 2026 and states it will challenge the order before the Delhi High Court by filing a writ petition and seek interim relief. The company claims the damages amount does not have any material impact on its operations.
While the Rs. 7.11 crore damages claim represents a legal liability, the company has downplayed its significance to operations. However, investors should note the ongoing legal uncertainty as the company challenges the order, and additional costs (including interest and legal fees) may arise during the appeal process.