Intimation about details of litigations/disputes under Regulation 30 of SEBI LODR
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company has informed BSE that Justice R. Subramanian, a former Judge of the Madras High Court, has been appointed as arbitrator in a dispute between the partners of Prime Mall Developers, in which Prime Urban Development India holds a 50% stake. The appointment was made by the Hon'ble Madras High Court through an order dated September 22, 2025. This is a continuation of an earlier filing from July 23, 2025, where the company had sought appointment of an arbitrator. The disclosure is being made under Regulation 30 of the SEBI LODR Regulations, 2015.
The matter is still at an early procedural stage with the arbitrator now appointed, so there is no immediate financial impact. Shareholders should monitor further updates as the arbitration proceedings could affect the company's interest in Prime Mall Developers depending on the outcome.