NSE/BSE Codes: BSE: 544678, ISIN: INE05XR01022
Summary of Key Information:
Nature of Event / Disclosure:
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 regarding disposal of material litigation that was previously disclosed in the company's offer documents.
Involved Parties / Authorities:
- State of Jharkhand (complainant)
- Deputy Director of Mines Safety (filing authority)
- Six officials/persons associated with Jamunia Open Cast Project (accused)
- Court of the Learned Judicial Magistrate, 1st Class, Dhanbad (adjudicating authority)
- Bombay Stock Exchange Limited (recipient)
- National Stock Exchange of India Limited (recipient)
Date / Timeline of Event:
- Fatal accident occurrence: December 10, 2013
- Complaint filing date: June 4, 2014
- Court order date: May 6, 2026
- Disclosure filing date: June 24, 2026
- Reference number: BCCL: CS: F-Post-Listing-2:17
Brief Description of Outcome / Dispute:
The litigation concerned a fatal accident that occurred at Jamunia Open Cast Project on December 10, 2013. The State of Jharkhand through the Deputy Director of Mines Safety had filed a complaint against six officials/persons associated with the project. The Court of the Learned Judicial Magistrate, 1st Class, Dhanbad acquitted all accused persons of offences alleged under Sections 73, 72A and 72C(1)(a) of the Mines Act, 1952.
Impact of Outcome:
Financial Impact:
No material financial impact disclosed. No penalties, fines, or compensation amounts were mentioned in the disclosure.
Operational / Business / Strategic Impact:
The acquittal removes legal liability for the company and its officials regarding this specific incident. The disposal concludes a long-standing litigation matter that was material enough to require disclosure in the company's offer documents.
Other Implications:
The resolution of this litigation eliminates potential reputational risks associated with ongoing legal proceedings related to a fatal mining accident.
Next Steps / Required Actions:
No further actions required as the complaint case stands disposed of and the litigation is concluded.