Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Outcome of Litigation

Litigation lossCourt stay obtainedRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹705.00

prior close

₹714.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+3.5% vs market

Specialty Chemicals peers, median of 83sector+0.9%+3.0% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 3.0 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.8+0.3+3.5+0.9+3.0

Next day

+1.0+0.6+0.4+0.7+0.3

+0.1+1.0-1.0+1.8-1.7

-0.5+3.0-3.5+2.6-3.2

+1.3+3.0-1.7+2.7-1.4

+1.3+3.5-2.2+3.2-1.9

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15d

+3.8+4.6-0.7+2.3+1.6

+4.3+6.0-1.7+3.9+0.3

+6.0+2.3+3.7-2.1+8.1

+10.8+3.9+6.9-0.9+11.6

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 83Pending

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AI summary

The company's appeal challenging an eviction decree against its Corporate Office at Brabourne Stadium, Mumbai was dismissed with costs by the Appellate Bench of the Small Causes Court, Mumbai on June 18, 2025. The original eviction suit was filed by The Cricket Club of India Ltd (CCI), the landlord, back in 1996. The company has obtained a stay on the execution of the decree on June 19, 2025, providing temporary relief. The full judgment copy is awaited, and the financial implications and quantum of any claims are yet to be determined. The company will decide its further course of action after receiving the judgment.

Likely market impact

Negative for shareholders — the company has lost the eviction appeal and may eventually need to vacate its registered corporate office, but the stay on execution provides short-term breathing room. Material financial impact (mesne profits, costs, relocation) is still unknown and could affect future earnings once quantified.