Please find enclosed herewith the intimation for Legal Notice received in compliance to Regulation 30.
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Harish Textile Engineers Limited received a legal notice dated 18 November 2025 (delivered by post on 20 November 2025) from the advocate of its supplier, Electrosil Systems based in Surat. The supplier alleges default in redemption of Non-Convertible Debentures (NCDs) worth Rs. 9,25,000 along with 7% interest, which were originally issued as part of a restructuring of supplier dues. The notice additionally alleges dishonour of cheques reportedly issued by the company towards the principal and interest of these NCDs. The supplier has given the company 15 days from receipt of the notice to make the payment. The company has stated that the matter is under review with its legal advisors, an appropriate legal response will be filed within statutory timelines, and at present there is no material impact on its financial or operational activities.
The claimed amount is relatively small (Rs. 9.25 lakh plus interest), but the cheque dishonour allegation could potentially trigger criminal proceedings under the Negotiable Instruments Act. The company has downplayed material impact, but this disclosure signals ongoing financial stress with suppliers and warrants monitoring for further escalation.