Windsor Machines Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
WINDMACHIN · price
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Windsor Machines has amicably settled a writ petition (No. 9489 of 2017) pending before the Bombay High Court since 2017 with 99 of its workers/employees. Under the Memorandum of Settlement dated June 15, 2025, the company has agreed to make a total settlement payment of Rs. 450 Lakhs to dispose of the case. This settlement will result in a one-time cost of Rs. 450 lakhs being recognised in the company's profit and loss statement. The company has clarified that there is no other material impact on its financial position from this settlement.
Shareholders should note a one-time expense of Rs. 450 lakhs hitting the P&L, but the company's overall financial position remains unaffected. The settlement closes an 8-year-old legal dispute, removing a long-pending litigation overhang without any further escalation.