Please find attached Intimation
JUBLCPL · price
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Jubilant Agri has informed the stock exchanges about an order from the Karnataka High Court dated April 21, 2025, in connection with an old civil suit (O.S. No. 5561/2014) filed by Shivashakthi Builders and Developers. The lower court had earlier passed a money decree of Rs. 8 Crore against the company along with 8% interest from the date of the suit. Jubilant had appealed this in January 2025. The High Court has now ruled that the appeal will be allowed, provided the company deposits 50% of the principal amount, i.e., Rs. 4 Crore, by June 9, 2025. The management has stated it believes it has strong legal grounds to win the appeal and avoid further liability.
Shareholders should note a near-term cash outflow of Rs. 4 Crore by June 9, 2025, though the company's optimistic tone and conditional relief from the High Court limit the downside risk. If the appeal succeeds, the remaining Rs. 4 Crore plus 8% interest liability could be reversed; if it fails, full Rs. 8 Crore with interest will need to be paid.