Announced Fri, 20 Mar · 23:16 IST

Please find enclosed herewith Intimation of hearing in the matter of Company and Kamlesh Corporation

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AI summary

Harish Textile Engineers Limited informed BSE about a procedural update in the ongoing NCLT matter with Kamlesh Corporation. A creditor petition was filed by Kamlesh Corporation before the NCLT Mumbai Bench regarding alleged outstanding dues. On 19 March 2026, the NCLT recorded completion of service on the company and condoned the delay in filing the company's reply, subject to depositing Rs. 50,000 as cost into the PMNRF within 7 days. The tribunal also directed serving of reply, filing of rejoinder, and submission of a short synopsis. The matter has been adjourned to 14 April 2026 for the next hearing. The company has stated it will comply with the directions in consultation with its legal counsel.

Likely market impact

This is a procedural update with no material financial impact at this stage — the Rs. 50,000 cost is negligible. However, the pending creditor petition before NCLT remains a watchpoint for shareholders, as the next hearing on 14 April 2026 will be key to understanding whether the matter progresses further.