DISCLSOURE UNDER REGULATION 30
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hindustan Motors has informed stock exchanges that the Calcutta High Court has rejected its appeal against the West Bengal Land Reform and Tenancy Tribunal's order, which had upheld the West Bengal government's move to resume the company's land at Uttarpara, West Bengal. The judgment was delivered on May 22, 2025. In response, the company filed a Special Leave Petition (SLP) before the Supreme Court of India on May 24, 2025, challenging the High Court order. The certified copy of the judgment is awaited.
This is a negative legal development as the company has lost at the High Court level in a significant land-related dispute. However, the matter is now before the Supreme Court, so the final outcome is still pending. Shareholders should watch this closely, as losing the SLP could result in loss of valuable land assets in Uttarpara.