Please find enclosed the general announcement relating to writ petition
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kairosoft AI Solutions informed that the Bombay High Court has allowed it to withdraw Writ Petition No. 2966 of 2025 filed against BSE. The petition was withdrawn because it had become infructuous, following BSE's notice dated 5th August 2025 moving the company's securities out of the Graded Surveillance Measure (GSM-Stage 4) with effect from 6th August 2025. The court passed the withdrawal order on 17th September 2025. This is an update to the company's earlier intimation dated 9th June 2025 regarding legal proceedings originally filed in compliance with a Delhi High Court direction.
Positive for shareholders — the company's exit from GSM-Stage 4 removes the strict trading curbs and settlement restrictions imposed under enhanced surveillance, restoring normal trading conditions. The closure of the writ petition also ends the legal overhang with BSE.