Announced Tue, 2 Jun · 14:48 IST

Please find attached herewith Clarification pursuant to Regulation 30 of SEBI (LODR) Regulations, 2025 in reference to earlier intimation dated 01st June, 2026.

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+1.5%1-day move
₹65.05
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AI summary

Harish Textile Engineers has provided a clarification to BSE regarding a pre-institution mediation notice received from the Mumbai District Legal Services Authority. The mediation was initiated by M/s. Steel-O-Fab Engineers under Section 12A of the Commercial Courts Act, 2015, relating to a commercial dispute. The company received the initial communication on 30th May 2026 (Saturday evening) and disclosed it on 1st June 2026, explaining the slight delay was because 31st May was a non-working Sunday. A further communication has scheduled the next mediation hearing for 19th June 2026 at 11:30 AM. The company states the matter is at a preliminary stage with no material financial or operational impact currently.

Likely market impact

This is a routine disclosure of an early-stage commercial mediation, not a court ruling or penalty. Shareholders should note the pending hearing on 19th June 2026, but the company confirms no material financial impact at this stage, so near-term stock impact is likely minimal.