Update in relation to the proceedings before the Hon''ble Delhi High Court regarding stamp duty matter
SGMART · price
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SG Mart Ltd filed a writ petition challenging orders from the Office of Collector of Stamps regarding stamp duty. The Delhi High Court heard the matter on May 29, 2026, and granted an interim stay on the impugned orders dated May 26, 2026. The stay is conditional on the company depositing 50% of the duty and penalty amount, which totals ₹95.80 lakhs, within one month. This is an update to the company's earlier disclosure made on May 27, 2026.
The interim stay provides temporary relief to the company as it prevents the stamp duty orders from being enforced during the court proceedings. However, the company faces a cash outflow of ₹95.80 lakhs within a month to maintain this stay, which could impact liquidity.