Submission of additional Information regarding disposal of Legal Proceedings before Hon''ble Bombay High Court
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Awaiting price reaction for this filing.
Kairosoft AI Solutions has withdrawn its Writ Petition (No. 2966 of 2025) filed against BSE before the Bombay High Court. The petition was withdrawn because BSE had already moved the company's securities out of Graded Surveillance Measure (GSM-Stage 4) effective 6th August 2025, which was the underlying issue. The Bombay High Court granted permission to withdraw the petition via an order dated 17th September 2025, which was uploaded on the court's website on 18th September. The company has not yet received the hard copy of the order. No settlement terms, compensation, or penalty were involved as the matter was simply withdrawn.
This is a routine procedural closure with no financial penalty or settlement involved. The underlying issue (GSM-Stage 4 classification) was already resolved by BSE, so withdrawing the petition avoids unnecessary litigation. Shareholders should note the company is no longer under heavy BSE surveillance, which is mildly positive, but there is no material financial impact from this development.