The order passed by Honb''le Supreme Court of India in a dispute with landlord and further course of action to be done by the company is hereby submitted.
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Hindustan Organic Chemicals Ltd (HOCL) disclosed a Supreme Court order dated 6 May 2025 in a 25-year-old landlord-tenant dispute with M/s. Harchandrai & Sons over leased office premises in Mumbai. The Court has directed HOCL to pay the disputed rent along with simple interest at 6% per annum to the landlord. The order was received by the company on 28 July 2025. HOCL stated it will seek legal opinion from the Department of Legal Affairs, Government of India, through the Department of Chemicals & Petrochemicals, on further course of action. The company estimates a financial impact of approximately Rs. 43.50 crore, though it clarified there is no impact on operations or activities.
Shareholders should note a likely one-time financial outflow of around Rs. 43.50 crore towards settling a decades-old dispute, with no disruption to ongoing operations. Depending on further legal options explored, additional liabilities or relief could emerge.