TRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TRF · price
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Awaiting price reaction for this filing.
TRF Limited has disclosed an adverse ruling in a long-running MSME dispute. Back in 2022, the MSEFC had ordered TRF to pay ₹2.46 crore plus interest to Jagapati Engineers Pvt. Ltd. (JEPL) over alleged unpaid dues. TRF had earlier won a round by getting the Jharkhand High Court to set aside that award, but JEPL appealed. On June 10, 2025, the Division Bench of the Jharkhand High Court overturned that earlier relief, ruling in JEPL's favour and effectively reviving the original ₹2.46 crore claim plus interest. TRF says it is reviewing the order and may file a further appeal. The exact financial impact is still being assessed by management.
This is a negative development for TRF shareholders as the company has lost its legal shield against a ~₹2.46 crore plus interest claim. Depending on the appeal outcome, TRF may have to pay JEPL, which could dent earnings; the stock may see short-term weakness until the financial impact is quantified.