Hindustan Motors Limited has informed the Exchange about General Updates
Awaiting price reaction for this filing.
On July 11, 2025, officials of the West Bengal government, led by the Additional District Magistrate of Hooghly, forcibly entered and took possession of Hindustan Motors' factory premises at Uttarpara, Hooghly District, without prior notice. They seized documents, machinery, equipment, licensed weapons, and a Customs Warehouse on the site. This action came despite a Special Leave Petition (SLP) pending before the Supreme Court of India, where the matter was listed for hearing. The West Bengal government plans to hand over a 40-acre portion of this land to Titagarh Rail Systems Ltd (TRSL) on a 99-year lease for manufacturing Vande Bharat sleeper trains. Hindustan Motors has filed a formal protest with the Land and Land Reforms Department and is seeking urgent Supreme Court intervention, with a mention hearing scheduled for July 14, 2025.
This is a deeply negative development for shareholders as the company has lost effective physical control of its primary factory asset while the legal challenge remains unresolved. The stock is likely to remain under pressure due to uncertainty over the fate of the Uttarpara land and the company's challenge to the government's action.