This is in continuation to our disclosure dated 27.02.2026 in the matter of Disposal of Legal Proceedings before the Hon''ble High Court of Delhi.
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New Light Industries has clarified to BSE that the legal proceedings it had previously disclosed were actually a civil suit originally filed by the company itself against certain parties — not against the company. The matter was not material in terms of financial or operational impact. The company voluntarily withdrew the suit after the alleged offending videos were taken down by the other parties, and the Delhi High Court recorded the suit as dismissed as withdrawn on 13 January 2026. The disclosure (originally made on 27 February 2026) was delayed beyond the 24-hour SEBI LODR timeline because the company received the court order copy through its legal counsel later. The company has stated the delay was inadvertent and has assured future compliance with disclosure timelines.
This is largely a procedural clarification with no material financial or operational impact on the company. The matter was minor and self-resolved, but the delayed disclosure may attract minor regulatory scrutiny from BSE/SEBI for non-compliance with Regulation 30 timelines, though no penalty is indicated in this filing.