Nature of the Event
This is a regulatory disclosure made to BSE Limited pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 (Regulation 30 and Schedule III). The company is informing the exchange about the receipt of a legal order from the Lok Adalat.
Details of the Order
- Issuing Authority: Metropolitan Legal Services Authority Lok Adalat, convened by the Metropolitan Legal Services Authority, Hyderabad.
- Order Date: August 7, 2026.
- Order Type: Acquittal order.
- Date of Receipt: The disclosure states the order was received on "t h August, 2026 07", which appears to be a formatting error likely intended to mean August 7, 2026.
- Original Case Reference: The order pertains to C.C. No 245 of 2018 on the file of the Hon'ble III ACJM, Hyderabad, which arose from Crime No. 1017 of 2016 of P.S. Banjara Hills, Hyderabad.
Parties Involved
The legal case was between the complainant, K. Anil Kumar, and the following accused parties:
1. M/s. Solon India Pvt. Ltd., represented by Ramana Murthy.
2. P. Chandramouleshwara Rao.
3. Cargosol Logistics Pvt. Ltd., represented by its Director.
4. Poonam Shah.
5. Samuel Muliyil.
6. Roshan Rohira.
Nature of the Charges
The charges involved were under Sections 406 & 420 of the Indian Penal Code.
Outcome of the Order
An amicable settlement was arrived at between the parties. The offence was compounded voluntarily by the de-facto complainant as per the terms of a Memorandum of Understanding (MOU) dated August 7, 2026. Consequently, all accused parties, including Cargosol Logistics Pvt Ltd, Samuel Muliyil, and Roshan Rohira, were acquitted of the charges.
Stated Financial and Operational Impact
The disclosure explicitly states: "There is no material impact on the financial, operation or other activities of the listed entity... in lieu of the settlement application order." Financial impact is not quantified, as it is stated to be immaterial.