Civil Suit filed against the Company
Price
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Yajur Fibres has informed BSE that the National Jute Board (NJB) has filed a civil suit against the company before the Hon'ble High Court at Calcutta, seeking refund of subsidy allegedly wrongfully claimed. The matter is at a very early stage and is yet to be listed for hearing. This follows an earlier money suit by NJB that was dismissed as withdrawn on August 6, 2025, with liberty granted to file a fresh suit — against which the company had already filed an application. The principal claim amount is Rs. 1.02 crore, with interest claimed at Rs. 2.53 crore, taking total potential exposure to around Rs. 3.55 crore. The company says financial implications cannot be determined at this stage and the management is confident of a favourable outcome.
Shareholders should note a potential liability of up to Rs. 3.55 crore from this subsidy-refund dispute, though the case is at an initial stage and management expects a favourable ruling. The stock may see short-term volatility or negative sentiment given the legal overhang, but no immediate financial impact is expected until the court hears the matter.