NSE/BSE Codes: Symbol: ADFFOODS, Scrip Code: 519183

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory filing under SEBI Listing Regulations (Regulation 30) providing update on ongoing litigation involving the company's step-down subsidiary in the USA.

Involved Parties / Authorities:

  • Opposing Party: Ascot Valley Foods Ltd. (Ascot)
  • Court: United States District Court, Southern District of New York (original case)
  • Appellate Court: United States Court of Appeals for the Second Circuit (appeal)
  • Regulator: SEBI (for disclosure compliance)

Date / Timeline of Event:

  • Original Intimation Date: 28th June, 2026 (previous disclosure)
  • Current Update Date: 14th August, 2026
  • Appeal Filing Date: Recent (exact date not specified in document)

Brief Description of Outcome / Dispute:

Ascot Valley Foods Ltd. has filed a Notice of Appeal to the United States Court of Appeals for the Second Circuit against the permanent injunction and monetary judgments passed against it by the United States District Court, Southern District of New York. The original judgments were in favor of ADF Foods Limited's US subsidiary.

Impact of Outcome:

Financial Impact:

No material financial impact disclosed. The filing of the appeal does not reverse, vacate, or modify the Permanent Injunction or the monetary judgments. The original monetary awards continue to remain in effect.

Operational / Business / Strategic Impact:

The permanent injunction and monetary judgments passed in favor of the Company's US subsidiary continue to remain in full effect as of the date of this intimation. No stay of the Permanent Injunction, the Final Judgment or the Supplemental Judgment has been granted.

Other Implications:

The company maintains its position that the original judgments are valid and enforceable during the appeal process.

Next Steps / Required Actions:

The Company's US subsidiary will contest the appeal and take all necessary steps to protect and enforce its rights. The company will continue to provide updates as required under SEBI Listing Regulations.