Announced Mon, 1 Jun · 18:19 IST

Please find enclosed herewith Intimation of Legal Notice for Hearing received from Mediation Centre Mumbai.

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AI summary

Harish Textile Engineers Limited has informed BSE about receiving a further communication from the Mediation Centre at the Mumbai District Legal Services Authority, City Civil & Sessions Court, Dindoshi, Mumbai. The notice relates to pre-institution mediation proceedings initiated by M/s. Steel-O-Fab Engineers against the company under Section 12A of the Commercial Courts Act, 2015, which is a standard step before a commercial lawsuit is filed. The next hearing has been scheduled for 19th June, 2026 at 11:30 A.M. This follows an earlier intimation dated 30th April, 2026 regarding the same matter. The company has stated that the matter is at a pre-institution mediation stage and there is no material financial or operational impact on the company at present.

Likely market impact

This is an early-stage commercial mediation proceeding with no disclosed financial impact. Investors should monitor the outcome, as an unfavorable resolution could escalate into formal litigation with potential financial consequences.