NSE/BSE Codes: BSE: 544203, NSE: ABDL

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure of arbitration proceedings filed against the Company and its subsidiary, Minakshi Agro Industries LLP (MAILLP), by a former partner.

Involved Parties / Authorities:

  • Claimant: Mr. Balaji Shivdas Pawar, Partner of Minakshi Agro Industries LLP
  • Respondents: Allied Blenders and Distillers Limited and Minakshi Agro Industries LLP
  • Arbitrator: Smt. Sadhana Jadhav, former Judge of Hon'ble Bombay High Court (Sole Arbitrator)

Date / Timeline of Event:

  • Statement of Claim Date: June 6, 2026
  • Statement of Claim Received by Company: June 6, 2026 at 3:06 pm
  • Disclosure Filing Date: June 7, 2026
  • Deed of Retirement cum Admission Date: December 10, 2024

Brief Description of Outcome / Dispute:

Mr. Balaji Shivdas Pawar has filed a Statement of Claim before a Sole Arbitrator seeking recovery of purported outstanding amounts in terms of a Deed of Retirement cum Admission dated December 10, 2024. The claim amounts to ₹25,53,62,813 (Rupees twenty five crores fifty three lakh sixty two thousand eight hundred and thirteen only) together with interest at the rate of 18% per annum from the date of filing the Statement of Claim till realization.

Impact of Outcome:

Financial Impact:

No material financial impact disclosed. The Company states that the claims are "partly/fully unsustainable, premised on fundamental factual misstatements and suppression of the facts." The Company and MAILLP believe they have a "robust defence to the claims filed."

Operational / Business / Strategic Impact:

No material operational, business, or strategic impact disclosed. The Company is taking requisite steps to safeguard its interests.

Other Implications:

No material reputational, legal, regulatory, or market perception effects disclosed.

Next Steps / Required Actions:

The Company and MAILLP have engaged an advocate to:

  • Appear on their behalf
  • File a Statement of Defense contesting the claim
  • File a Counter Claim on behalf of the Company and MAILLP against Mr. Balaji Shivdas Pawar