Further to our letter no.GOSL/2025/069 dated 27.06.2025 on the issue of a Court Order concerning the enforcement of an invalid and expired Guarantee against the Company, the application ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The company had previously disclosed a court order concerning the enforcement of what it describes as an invalid and expired guarantee against it. The company filed an application for leave to appeal that order, but the Court of Appeal, Civil Division has now dismissed that application. This means the original adverse court order relating to the guarantee enforcement remains in force. The filing is made under SEBI LODR Regulation 30 disclosure requirements. The company has not disclosed the financial quantum of the guarantee or the potential liability in this communication.
Negative for shareholders — the company has failed in its appeal attempt, so the earlier court order against it stands. Investors should watch for further disclosures on the financial impact of the guarantee being enforced.