NSE/BSE Codes: BSE: 544203, NSE Symbol: ABDL
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the initiation of arbitration proceedings against the company.
Involved Parties / Authorities:
- Applicant/Opposing Party: Mr. Alok Gupta
- Appointing Authority: Hon'ble Bombay High Court
- Adjudicating Authority: Arbitral Tribunal consisting of Sole Arbitrator Justice S. C. Gupte (Retired)
- Regulatory Body: BSE Limited, National Stock Exchange of India Limited, SEBI
Date / Timeline of Event:
- Order Date for Arbitrator Appointment: 30th October 2026
- Date of Receipt of Communication: 2nd November 2026 at 18:51 P.M. IST
- Date of Disclosure Filing: 3rd November 2026
Brief Description of Outcome / Dispute:
The company received a communication from the lawyers of Mr. Alok Gupta informing that the Bombay High Court has appointed a Sole Arbitrator to adjudicate disputes and differences between Mr. Gupta and the company. The dispute arises from an Employment Agreement of the applicant and resultant claims.
Impact of Outcome:
Financial Impact:
No financial implication at present. The matter is not expected to have any material impact on the Company's financial position. The quantum of claims is not ascertainable at present.
Operational / Business / Strategic Impact:
No material disclosures in this section.
Other Implications:
No material disclosures in this section.
Next Steps / Required Actions:
The disputes and differences will be adjudicated by the Sole Arbitrator, Justice S. C. Gupte (Retired), as part of the arbitration process. The company has complied with its disclosure obligations under SEBI Listing Regulations.