Harish Textile Engineers Limited has submitted a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding ongoing legal proceedings.
Procedural Update
The Hon'ble NCLT declined to grant any further adjournment in the matter and proceeded to hear the submissions of the Applicant (Kamlesh Corporation). The Tribunal recorded that the Reply filed by the Company would be considered while disposing of the matter and subsequently reserved the matter for orders.
Timeline of Events
- Petition filed by: M/s. Kamlesh Corporation
- Legal basis: Section 9 of the Insolvency and Bankruptcy Code, 2016
- Nature of claim: Alleged outstanding operational dues payable by the Company
- Order date: 10th July, 2026
- Date of receipt by company: 21st July, 2026 (when order was uploaded on NCLT website)
- Disclosure date: 22nd July, 2026
Financial Impact Assessment
The company states that there is no material impact on the financial, operational or other activities of the Company at this stage. The financial impact, if any, will depend upon the final outcome of the proceedings and is presently not ascertainable.
Next Steps
The matter has been reserved for orders by the Hon'ble NCLT, Mumbai Bench. The Company will take appropriate legal steps based on the outcome of the proceedings and will make further disclosures, if any, as required under applicable laws.