Piccadily Agro Industries Limited has informed the Exchange about General Updates Disclosure of litigation as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and disclosure Requirement) Regulation, 2015
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Piccadily Agro Industries filed a commercial suit against Radico Khaitan Limited in the District Court of Karnal, alleging that Radico's vodka brand 'KASHMYR' infringed on Piccadily's registered trademarks 'CASHMERE' (registered 2015) and 'CASHMIR' (registered 2023). Piccadily launched its 'CASHMIR' luxury vodka on May 23, 2025, and Radico launched the similarly named 'KASHMYR' vodka on July 28, 2025. On September 23, 2025, the District Court of Karnal granted an interim injunction under Order 39 Rules 1 and 2 of CPC, restraining Radico and its affiliates from manufacturing, selling, advertising, or promoting the 'KASHMYR' brand. The company stated there will be no financial implications from the litigation. The matter remains sub judice and the company will provide further updates on material developments.
Positive for Piccadily - the court has sided with the company in protecting its vodka brand, potentially removing a direct competitor in the premium vodka segment. This strengthens Piccadily's brand exclusivity for 'CASHMIR/CASHMERE' and protects its market position, though the final outcome is still pending.