Mahindra Lifespace Developers Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Mahindra Lifespace Developers has informed exchanges that a litigation filed by Mr. Sanjay Chhabra against its subsidiary Mahindra World City (Jaipur) Limited (MWCJL) at the Metropolitan Magistrate Court, Jaipur has been dismissed. The order was dated 9th September 2025 and received by the company on 3rd November 2025. The case, originally flagged by the company in August 2023, has now been concluded in the subsidiary's favour. No settlement terms, compensation, or penalty were paid by the company, and no financial impact has been disclosed.
Positive development for shareholders — the pending litigation against the Jaipur subsidiary has been dismissed, removing the overhang and confirming no financial liability for the company on this matter.