Ashima Settles HDFC Bank BBK Cases for ₹4.06 Crores

Date: 31st October, 2026

Ashima Limited filed a pursis for withdrawal of civil suit against HDFC Bank Limited before the Hon'ble Commercial Court, City Civil Court, Ahmedabad on 30th October, 2026
The Hon'ble Court passed an order on 30th October, 2026 disposing of the suit as withdrawn
With the civil suit withdrawal, HDFC Bank will pay approximately ₹4.06 Crores to Ashima Limited, representing funds belonging to the company
This settlement concludes the legal proceedings referenced in earlier company intimations dated 23rd October, 2026 and 26th October, 2026
The settlement involves both HDFC Bank Limited ("HDFC Bank") and Bank of Bahrain and Kuwait B.S.C. ("BBK")
The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The company's registered office is located at 1st Floor, Near Khadayata Colony, Ellisbridge, Ahmedabad - 380 006, India
Company identification number: CIN : 199999GJ1982PTC005253