Please find enclosed herewith intimation under Regulation 30 of SEBI LODR.
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The Bombay High Court passed an ad interim order on 14 October 2025 directing Shah Construction Company to not take any further steps under a Development Management Agreement dated 30 September 2025 and a Circular Resolution dated 7 October 2025. The company received this direction on 15 October 2025 and disclosed it to the stock exchange under SEBI LODR Regulation 30. The next hearing is scheduled for 17 November 2025. The company has confirmed that there is an impact on its financial, operational, or other activities, though the exact monetary extent is not quantified.
This is a negative development for shareholders, as the court order temporarily blocks the company from executing a recent agreement, which could delay business plans and affect operations. Investors should watch the next hearing on 17 November 2025 for further clarity on the outcome and any potential financial consequences.