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SANDUMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hon'ble High Court of Karnataka dismissed the company's Writ Petition challenging a demand from the Deputy Conservator of Forests for ₹131.25 crore as cost of compensatory afforestation and land for the same. The demand was issued via communication dated 20 June 2025. Despite losing this legal challenge, the company clarified it holds valid Mining Leases and Forest Clearances and will continue its mining operations. The company intends to take further steps to resolve the afforestation charges dispute.
The adverse court ruling means the company faces a potential ₹131.25 crore liability for compensatory afforestation costs, which could impact cash flows and earnings. Operations continue for now, but unresolved legal uncertainty may create investor concern.