Please find enclosed herewith Intimation for Hearing notice received in the matter of M/s. Deep Industries.
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Awaiting price reaction for this filing.
Harish Textile Engineers has received a hearing notice from the Micro and Small Enterprises Facilitation Council (MSEFC), Ahmedabad, in connection with delayed payment to M/s. Deep Industries, an MSE seller, under the MSME Development Act, 2006. The hearing is scheduled for 18th June 2025. The company has stated it will challenge the matter based on strong merits by filing its reply and submissions before the relevant authority. The company has explicitly stated there is no impact on its financial, operational, or other activities due to this intimation. The matter relates to a relatively routine delayed-payment dispute with a small supplier, not a regulatory or insolvency action.
Minimal direct impact on shareholders — this is a routine delayed-payment dispute with a small supplier, and the company itself confirms no material financial or operational impact. However, prolonged or repeated MSEFC disputes could hint at working-capital or cash-flow pressure and may warrant monitoring.