Shiva Texyarn Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Court Stay ObtainedConsent Order AcceptedRegulatory & Legal View source PDF

SHIVATEX · price

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+5.3%1-day move

₹147.60

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₹154.90

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AI summary

Shiva Texyarn Limited informed the exchange about the resolution of a pending material litigation involving M/s. Louis Dreyfus Company India Pvt. Ltd, with a dispute amount of Rs. 1.44 crore. The company had earlier filed a petition in the Mumbai High Court to set aside an arbitration award passed by the Sole Arbitrator appointed by the Cotton Association of India. The High Court has now set aside the arbitration award based on a compromise agreement and mutual consent terms between the parties, and the petition stands disposed of accordingly. The order was downloaded from the Mumbai High Court website on 13th April 2026.

Likely market impact

This is a positive development for shareholders as the disputed arbitration award has been set aside through a mutual compromise, removing a potential financial liability of Rs. 1.44 crore and closing a key legal overhang on the company.