The Company wish to update the status of Litigation.
Awaiting price reaction for this filing.
NFCL has disclosed an unfavorable interim order from the High Court of Telangana dated December 10, 2025, in the long-running arbitration with Italian firm M/s. Tecnimont S.p.A. (EXEP No. 1 of 2018). The court has ordered provisional attachment of all bank accounts of the Company for any amount exceeding Rs. 7 crores. The Company states this order severely impacts its day-to-day operations and restricts its ability to pursue legal remedies. NFCL is challenging the jurisdiction and maintainability of the case and has already filed OSA No. 02 of 2025 on these grounds. The Company is now in the process of filing an appeal against the December 10 interim order, calling it erroneous.
This is a material adverse development for shareholders — bank account restrictions above Rs. 7 crores can disrupt working capital, vendor payments, and operations. The stock is likely to see negative sentiment until the appeal outcome clarifies whether the attachment stays or is lifted.