Please find enclosed herewith intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015.
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Awaiting price reaction for this filing.
HP Cotton Textile Mills Ltd has informed the stock exchange that it received a Show Cause Notice on June 12, 2025, from the Office of the Additional Director General of Foreign Trade, CLA Delhi. The notice pertains to alleged non-fulfillment of an export obligation under an Advance Authorization (No. 0510102299) dated September 15, 2003. The company has stated that the demand is factually incorrect and not legally tenable, as it had already received a Redemption Letter dated January 21, 2008, for the same authorization. No fines, penalties, or monetary dues have been specified in the notice. The company has said there will be no material impact on its financial or operational activities and will take all necessary steps to defend the matter.
This is an old, pre-2008 matter that the company had previously resolved via a Redemption Letter, so it is unlikely to affect the stock price materially. However, the ongoing legal defence adds some minor uncertainty until the matter is formally closed.