Please find attached herewith intimation of closure of matter related to Marudhar Refractories due as per disclosure under Regulation 30 of SEBI LODR.
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Harish Textile Engineers Limited has disclosed the amicable settlement of a commercial dispute with Marudhar Refractories. The matter originated from alleged outstanding dues raised by Marudhar Refractories and was handled through pre-institution mediation (PIMS No. 157/2025) at the Taluka Legal Services Committee, Vapi. The company paid Rs. 1,05,653/- (approximately ₹1.06 lakh), following which Marudhar Refractories confirmed receipt and acknowledged that no further amounts are due. The mediation was concluded on 18 May 2026, and the matter now stands fully resolved and closed with no anticipated future financial impact.
The settlement removes a legal uncertainty over a minor liability (~₹1 lakh), with no material impact on the company's finances or operations. The closure is mildly positive as it eliminates a pending dispute.