Cochin Minerals Kerala High Court Writ Dismissed

COCHIN MINERALS AND RUTILE LIMITED

Cochin Minerals and Rutile Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding receipt of a High Court judgment.

Details of Legal Proceedings

• Opposing Party: Directorate of Enforcement (ED)
• Court: Hon'ble High Court of Kerala
• Nature of Dispute: The ED registered an ECIR against the company and its officials under Section 50 of the PMLA Act, 2002. The company approached the High Court questioning the jurisdiction of ED, arguing that there exists no scheduled offense that would give ED jurisdiction under PMLA.
• Date of Order Receipt: May 26, 2026
• Outcome: The Hon'ble Court dismissed the writ petition.

Financial and Operational Impact

The company has explicitly stated: "We do not anticipate any impact on the financial, operations or other activities of the Company." No quantifiable monetary impact has been disclosed.