Ravinder Heights Limited has informed the Exchange about General Updates
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Ravinder Heights Limited has provided an update on a land licensing matter involving licenses No. 81 of 2021 and 72 of 2021 for an affordable plotted colony under DDJAY and NILP in Village Harsaru, Sector 89-A, Gurugram. The matter, which relates to alleged misrepresentation and concealment of facts by a GPA holder, was being heard by the Directorate of Town & Country Planning, Haryana. A letter dated May 15, 2025, received by the company's wholly owned subsidiary Radhika Heights Limited and its step-down subsidiaries, directs the land owners and the land developer (M/s Bestech India Private Limited) to pursue appropriate legal remedies before a competent judicial forum. This is a continuation of earlier disclosures dated December 2024.
The matter remains unresolved and has now been pushed to a judicial forum, which could prolong the legal process and add to litigation costs. For shareholders, this is a status update on an ongoing matter rather than a new adverse development, but the long-term impact will depend on the outcome of the legal proceedings.