Kotyark Industries Limited has informed the Exchange regarding ''Update on Investigation Proceedings at Rajasthan Unit'.
KOTYARK · price
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Kotyark Industries has received a favorable interim order from the Rajasthan High Court at Jodhpur in connection with investigation proceedings at its Rajasthan manufacturing unit. The court has permitted the company to continue operations at the unit so it can meet its supply commitments to Oil Marketing Companies (OMCs) until the next hearing. However, the four overhead tanks that were seized on July 4, 2025 will remain under seizure until further orders. A committee has also been set up to take a final decision on the company's pending renewal application, with respondents expected to decide before the next court date.
Partial relief for shareholders as operations can continue and supply commitments to OMCs remain intact, but the unresolved renewal application, seized assets, and ongoing investigation keep regulatory uncertainty around the Rajasthan unit elevated.