Please find enclosed herewith intimation for closure of proceeding for K T Enterprise
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Awaiting price reaction for this filing.
Harish Textile Engineers has informed BSE that a court case filed against the company under Section 138 of the Negotiable Instruments Act, 1881 (cheque dishonour) has been closed. The matter was taken up at the National Lok Adalat on 13 December 2025, where the complainant withdrew the complaint. The Judicial Magistrate (First Class), Vikhroli, Mumbai, then acquitted the accused, cancelled any earlier warrants, and ordered closure of the proceedings. The order was uploaded on the court's official website on 15 December 2025. The company has stated there is no material financial or operational impact from the closure.
Positive for shareholders — the legal overhang has been removed with the case closed in the company's favor and no material financial hit. This removes a pending litigation risk from the company's books.