Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Revised)
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Awaiting price reaction for this filing.
Shri Vasuprada Plantations Ltd received a favourable order dated 16 December 2025 from the Kerala High Court at Ernakulam in a case (IA No. 1 of 2025 in WA No. 599 of 2020) against the State of Kerala's Forest & Wildlife Department. The Court has permitted the company to cut, remove, and replant rubber trees on its estates (Chemoni, Echipara, and Pudukad). Importantly, the Court recalled its earlier direction that required the company to deposit the entire sale proceeds with the Forest Department — instead, only quarterly statements of accounts need to be submitted. Forest officials will oversee the cutting and replanting activities. The company has stated this order is expected to have a favourable impact on its operations and financial position.
Positive for shareholders — the removal of the mandatory sale-proceeds deposit requirement unlocks working capital and allows normal rubber plantation operations to resume, which should improve cash flow and earnings from the company's rubber estates.