Gaudium IVF and Women Health Limited has informed the Exchange regarding "Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( "Listing Regulations")"
GAUDIUMIVF · price
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Neomile Corporate Advisory Limited has filed an arbitration petition under Section 9 of the Arbitration & Conciliation Act, 1996 before the High Court of Judicature at Bombay. The claim is for Rs. 29,20,50,000 (approximately Rs. 29.2 crore including GST) allegedly due under an arrangement for advisory services related to the Company's IPO. The Company has publicly stated that the petition is frivolous, unsubstantiated, and based on fundamental factual misstatements. Gaudium IVF is taking steps to safeguard its interests against this claim.
This is a legal dispute over ~Rs. 29 crore in advisory fees for IPO services. While the Company denies the claim, any adverse outcome could result in a significant financial liability. The stock may see negative sentiment due to litigation uncertainty.