Key Events and Dates

  • Received communication from labour union on 24th June 2026
  • Communication included two legal documents:
  • Order dated 24th January, 2026 from Industrial Court, Maharashtra, Thane (Complaint No. 238 of 1995)
  • Award dated 24th January, 2026 from Industrial Tribunal, Maharashtra, Thane (Reference No. 35 of 2006)

Court Order Details

  • Industrial Court order directs company to pay compensation at rate of ₹1,00,000 per year per workman
  • Compensation period: 13th March 1995 to 1st November 2006

Tribunal Award Details

  • Industrial Tribunal award directs payment of compensation at rate of ₹1,00,000 per year per workman
  • Compensation period: From 1st November 2006 until each workman's respective date of retirement

Financial Impact and Liability

  • Entire financial repercussions rest solely with a Developer
  • Developer has undertaken to bear and fulfill all financial obligations
  • This arrangement is based on Consent Terms filed before Bombay High Court
  • Bombay High Court recorded this arrangement vide its Order dated 13th July 2012

Purpose of Disclosure

  • Matter being brought to Exchange's notice as matter of abundant precaution
  • Company indicates no direct financial liability due to developer assumption of obligations