Hindustan Motors Limited has informed the Exchange regarding ''.
Awaiting price reaction for this filing.
Hindustan Motors has disclosed that the Hon'ble High Court at Calcutta rejected its appeal on 22 May 2025 against the West Bengal Land Reform and Tenancy Tribunal's order, which had upheld the state government's decision to resume the company's land at Uttarpara, West Bengal. The company had delayed informing the stock exchange as it was waiting for the certified copy of the court order, which it applied for on the same day. The Uttarpara land is historically significant as it housed the company's main manufacturing facility, including the iconic Ambassador car plant.
This is a negative development for shareholders as the company has lost a key legal battle, and the government can now proceed with taking over the Uttarpara land. The stock may face pressure given the loss of a potentially valuable asset, though the financial impact will depend on any compensation terms or further legal options available to the company.