Stallion India Fluorochemicals Limited has informed the Exchange regarding a press release dated July 01, 2025, titled "Stallion India Fluorochemicals Concludes Full and Final Settlement with Zhejiang Sanmei Chemical".
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Awaiting price reaction for this filing.
Stallion India Fluorochemicals has fully settled a long-running legal dispute with Chinese firm Zhejiang Sanmei Chemical Industry (ZSCICL) by making a final payment of USD 1,251,290 (approximately ₹10.5 crore). The company has received a No Due Letter from ZSCICL, and the matter has also been formally closed with SINOSURE, the Chinese export credit insurer. The payment was already provisioned in the half-year financials ending September 30, 2024, and shown under trade payables in Q4 FY25 audited results. Management stated that since the liability was already accounted for, this settlement will not impact current or future profitability and removes a contingent liability overhang.
Positive for shareholders — a legacy legal overhang is now closed, strengthening the balance sheet and removing uncertainty around contingent liabilities. Since the payment was already provisioned, there is no surprise P&L hit; this should improve earnings visibility going forward.