Vraj Iron and Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
VRAJ · price
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Vraj Iron and Steel has informed the exchanges that it has received a Commercial Suit filed at the Bombay High Court (Commercial Division) by Vraj Profiles Private Limited. The plaintiff alleges that the name 'Vraj Iron and Steel' is identical or too nearly resembles the plaintiff's name, and has filed the suit under the Trademark Act, 1999 and the Code of Civil Procedure, 1908. The plaintiff has claimed an aggregate amount of Rs. 15 Crores (Fifteen Crores) as damages or compensation. The matter is currently at the stage of being instituted, and the company has been made a Defendant. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a pending trademark infringement lawsuit with a potential financial exposure of Rs. 15 Crores. Investors should monitor the case's progress as an adverse ruling could impact the company's financials, brand usage, and possibly require a name change. The disclosure itself is procedural and does not yet reflect any loss or liability.