Intimation pursuant to Regulation 30 of SEBI(LODR),2015.
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Awaiting price reaction for this filing.
Suraj Industries has settled the trademark infringement case (Commercial Suit No. 1052/2025) filed by Globus Spirits Ltd before the Delhi High Court. Under the settlement agreement signed on December 22, 2025, the company and its material subsidiary Carya Chemicals & Fertilizers will stop using the disputed labels, clear existing stock within an agreed timeline, and adopt new labels. A settlement amount of Rs. 16.15 lakhs has been paid as full and final settlement covering all claims, damages, and litigation costs. The company has stated that the settlement has no material adverse impact on its financial position.
The small settlement amount (Rs. 16.15 lakhs) relative to the company's size means this is largely a non-event financially, though it does acknowledge the trademark infringement claim and requires operational changes (new labels, stock clearance) which could involve modest one-time costs.