Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform investors and the public at large about the following development: ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250 and 6.0 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Himalaya Food International is escalating its legal dispute with Simplot by filing a fresh Notice of Arbitration (NOA) before the Singapore International Arbitration Centre (SIAC). The action stems from Simplot's continued failure to return critical machinery that it was ordered to hand back within 21 days under a prior SIAC Final Award dated 23 March 2020 (deadline of 14 April 2020). The company is seeking damages of ₹72 crore, covering the value of the unreturned machinery and the loss of production and profits for FY2020-21 and FY2021-22, while reserving the right to claim further compensation. The company has also asked SIAC to value the custom-made equipment so the figure can be used for a set-off before the Delhi High Court. The fast-track arbitration is expected to cost around SGD 250,000, with the company exploring funding options including contingent fee arrangements, and Mr. Sanjiv Kakkar has been authorised to drive the matter to a resolution within the current financial year.
A successful arbitration could unlock a ₹72 crore recovery that has been pending since 2020, which would be materially positive for shareholders. However, near-term sentiment is mixed given ongoing litigation costs, execution risk, and the long unresolved nature of the dispute.