Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
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JK Agri Genetics has filed an application before the High Court of Telangana seeking appointment of an arbitrator to resolve a dispute with Smt. Sakuntala Dhal. The company had given her an advance of Rs. 67.89 Lakh under a production agreement dated 16 December 2024 for Hybrid Paddy seeds (JKRH517), but she only supplied seeds worth Rs. 6.66 Lakh and refused to refund the balance. The company issued a legal notice on 21 November 2025 and then approached the High Court on 3 February 2026 under the Arbitration & Conciliation Act. The total claim is Rs. 64.43 Lakh, comprising Rs. 61.23 Lakh in principal and Rs. 3.20 Lakh in interest.
The financial exposure is relatively small at around Rs. 64 Lakh for a listed company, so the direct impact on shareholders is limited. The case is at an early stage (appointment of arbitrator), and outcome will depend on arbitration proceedings.