CLARIFICATION W.R.T MAIL DATED 16.07.2025 AGAINST OUR LETTER DATED 15.07.2025
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Awaiting price reaction for this filing.
Hindustan Motors has clarified to BSE why its disclosure on the seizure of its Uttarpara (Hooghly) factory was made on July 15 rather than immediately. On July 11, 2025, officials including the Additional District Magistrate of Hooghly, accompanied by police and others, forcibly entered and took possession of the company's Hindmotor factory, seizing documents, machinery, equipment, licensed weapons, and the Customs Warehouse without prior notice. The company says it spent the weekend verifying the authenticity of the event and submitted formal protests to the West Bengal Land and Land Reforms Department before disclosing the matter to the exchanges. Management states there was no delay in disclosure once the facts were confirmed.
This is a serious event for shareholders — a state-level forced takeover of a key manufacturing facility poses a material risk to operations and assets. The stock may see negative sentiment until the company clarifies the legal basis of the seizure and its impact on production and financials.