Disclosure pursuant to Regulation 30 of SEBI LODR- Withdrawal of Legal Proceedings before Hon''ble High Court of Delhi.
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New Light Industries has withdrawn the civil suit (CS(OS) 224/2025) it had filed before the Delhi High Court against Google LLC, YouTube, and 23 YouTube channels over alleged defamation and harmful videos circulating on social media. The company's board decided to pull the case after most of the offending videos had already been taken down by the defendants, meaning the original objective of the lawsuit was achieved. The Delhi High Court formally recorded the suit as 'dismissed as withdrawn' on 13 January 2026. No settlement payment, penalty, or financial compensation was involved. The Managing Director, Himanshi Sharma, signed the disclosure on 27 February 2026.
The litigation overhang is now removed with no financial cost to the company, and the harmful content that prompted the suit has already been deleted. This is a neutral-to-slightly-positive resolution for shareholders as the company got what it wanted without prolonged court battle costs.