Disclosure U/R 30 of SEBI (LODR) Regulation, 2015
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Shree Rajasthan Syntex has settled an old funding arrangement with RIICO related to its Texchem Project. The company paid ₹83.67 lakhs as one-time compensation and forgone a ₹15 lakh receivable, taking a combined extraordinary hit of ₹98.67 lakhs in the December 2025 quarter results. The settlement was approved by the Audit Committee and Board, who consider it in the best interest of the company. The disclosure was made under SEBI LODR Reg 30, and the company noted that the detailed format was not applicable as the settlement was not with a bank, financial institution, or tied to ongoing litigation.
This is a one-time, non-cash and cash charge that will dent Q3 FY26 earnings by about ₹98.67 lakhs, but it cleans up a legacy liability. Once closed, it removes a long-pending obligation and should reduce future uncertainty, though it offers no operational upside.