ANNOUNCEMENT UNDER REGULATION 30 OF SEBI LODR,2015
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Awaiting price reaction for this filing.
On July 11, 2025, officials including the Additional District Magistrate of Hooghly, along with police and other personnel, forcibly entered Hindustan Motors' factory premises at Uttarpara, Hooghly, and seized control of the facility. They took possession of documents, machinery, equipment, licensed weapons, a Customs Warehouse, and other structures. The company had filed a Special Leave Petition (SLP) with the Supreme Court challenging this action, but the SLP was dismissed on July 16, 2025. The matter appears to be linked to a long-pending land dispute with the Government of West Bengal.
Severely negative for shareholders. The company has lost physical control of a major manufacturing facility and has also exhausted its legal recourse at the Supreme Court level. This raises serious concerns about the future of operations, asset value, and any recovery prospects at this site.