Kalpataru Limited has filed a disclosure under Regulation 30 of the SEBI Listing Regulations regarding an interim order from the Supreme Court of India. The matter concerns Kalpataru Retail Ventures Ltd. (KRVL), a wholly owned subsidiary of the company, and its dispute with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL).
This disclosure follows a previous intimation dated July 11, 2026, which informed about an order from the Hon'ble High Court of Judicature at Bombay that directed KRVL to deposit 50% of the amount assessed by MSEDCL.
The Hon'ble Supreme Court has now stayed this directive from the Bombay High Court regarding the 50% deposit requirement. The Supreme Court has directed the Bombay High Court to consider the interim relief in the Writ Petition and ordered that no adverse action shall be taken against KRVL until such consideration is completed.
The company received information about this interim order from the Supreme Court at approximately 6:30 p.m. on July 23, 2026. The financial impact of the original MSEDCL assessment and the subsequent court proceedings remains contingent on the final outcome of the legal process.
This information has been simultaneously disseminated on the company's website at https://www.kalpataru.com/investor-corner.