Please refer the attached public announcement
MEGASTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Megastar Foods has received a notice/summon from the Motor Accident Claims Tribunal in Chandigarh regarding a motor accident claim petition filed against the company. The claim alleges a vehicle registered in the company's name was involved in an accident. However, the company states that the vehicle was sold by them in March 2025 and is no longer in their possession or use. The company plans to file an appeal challenging its wrongful involvement in the case. The company has assessed that this notice is not expected to have any material financial impact.
The company views the notice as a case of wrongful involvement since the vehicle was already sold before the alleged accident. No material financial impact is expected, and the matter is unlikely to affect the stock price significantly unless the appeal is unsuccessful.