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Awaiting price reaction for this filing.
Keerthi Industries has received a legal notice dated 16th February 2026 from J P Associates, one of its regular coal suppliers, alleging dishonour of cheques amounting to approximately Rs. 2.31 crore under Section 138 of the Negotiable Instruments Act, 1881. The notice was received by the company on 19th February 2026. The company attributes the non-payment to the surrender of its working capital limits by Axis Bank Limited, which has affected its ability to meet vendor obligations. The company is currently in discussions with the vendor to seek withdrawal of the notice and has stated there is no material impact on its financial or operational activities.
While the company claims no material impact, the notice signals working capital stress and a strained vendor relationship, which retail investors should monitor closely for any escalation into formal litigation or further default with the bank.