In continuation to our intimation dated September 09, 2025 we inform that the company has received copy of Order of High Court of New Delhi restraining Vishnu Kumar Sureka(HUF) alongwith ....
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Mauria Udyog informed the exchanges that it received a copy of an order from the High Court of Delhi dated September 25, 2025. The order restrains Vishnu Kumar Sureka (HUF) and certain other respondents from selling, alienating, transferring, or creating any third-party rights over their shareholding in the company until the next hearing on October 28, 2025. The matter arises from a family dispute within the Sureka promoter group, where the petitioner (Navneet Kumar Sureka) alleged that around 21.29% of shares held by Vishnu Kumar Sureka HUF were offloaded in violation of a 2022 Family Settlement and a 2024 MoU that assigned control of Mauria to the petitioner's group. The promoter family collectively holds about 73.44% of Mauria's equity. The petition was filed under Section 9 of the Arbitration and Conciliation Act, 1996, and the court found a prima facie case for interim relief.
Shareholders should note that a significant portion of promoter-held shares (potentially up to ~21 lakh shares belonging to Vishnu Kumar Sureka HUF) is now frozen from transfer, which limits further promoter selling pressure in the near term. However, the underlying family dispute and parallel NCLT proceedings signal continued governance uncertainty, which may keep the stock volatile around the October 28 hearing.