Speciality Restaurants Limited has informed the Exchange about General Updates
SPECIALITY · price
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Awaiting price reaction for this filing.
Speciality Restaurants Limited has received a notice dated September 29, 2025 from West Bengal Housing Infrastructure Development Corporation Ltd. imposing a penalty of ₹2.18 crore (₹2,17,80,000) for non-completion of a construction project on Plot No. CF-22/1 at Rajarhat, Kolkata, covering the period from May 19, 2017 to May 18, 2025. The company has been asked to pay the penalty within 15 days. The company is consulting its lawyers, evaluating the notice, and plans to file an appropriate response, indicating it is likely to contest the penalty. The management has clarified that the financial impact will be limited to the penalty amount, with no impact on ongoing restaurant operations or other business activities.
A ₹2.18 crore penalty is relatively small for the company and the management has stated no impact on operations. However, if the penalty stands after legal proceedings, it will be a one-time financial hit. Investors should watch for the company's response and any further updates on the legal challenge.