Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - Ref : Our earlier disclosure dated December 22, 2025.
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Shri Vasuprada Plantations has received a favourable order from the High Court of Kerala at Ernakulam dated December 16, 2025. The court has allowed the company to cut, remove, and replant rubber trees at its estates in Kerala. Importantly, the court recalled its earlier direction that had required the company to deposit the entire sale proceeds with the Forest Department. Going forward, the company only needs to submit quarterly statements of accounts to the Forest Department, with officials permitted to oversee the operations. The case (IA No. 1 of 2025 in WA No. 599 of 2020) was filed against the State of Kerala, Forest & Wildlife Department, and others. The company says the order is expected to have a favourable impact on its operations and financial position.
Positive for shareholders — the removal of the mandatory deposit of sale proceeds eases cash flow and allows the company to freely monetise its rubber plantations, supporting revenue and profitability from its Kerala rubber estates.