NSE/BSE Codes: BSE: 544172, NSE: INDGN

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory filing pursuant to SEBI Listing Regulation 30, providing an update on a material class-action lawsuit against the company's wholly-owned overseas subsidiary, Indegene, Inc.

Involved Parties / Authorities:

  • Plaintiff: Progressive Health and Rehab Corp. (Class Representative)
  • Defendant: Indegene, Inc. et al. (subsidiaries of Indegene Limited)
  • Adjudicating Authority: U.S. District Court, District of New Jersey
  • Settlement Administrator: Analytics

Date / Timeline of Event:

  • Alleged Violation Date: February 2020 (certain fax communications)
  • Class Certification Date: July 2025
  • Petition Denial Date: Denial of defendants' appeal petition subsequent to July 2025 certification
  • Settlement Finalization: Company confirmed no further comments and authorized agreement for execution on August 18, 2026.
  • Disclosure Date: August 19, 2026

Brief Description of Outcome / Dispute:

The lawsuit alleges violations of the U.S. Telephone Consumer Protection Act, 1991 (TCPA) in connection with certain alleged unsolicited fax communications. The court certified a class comprising approximately 18,851 unique fax numbers (18,869 transmissions). Following mediation, the parties have substantially concluded negotiations on a definitive settlement agreement. The settlement does not constitute an admission of liability.

Impact of Outcome:

Financial Impact:

  • The settlement framework provides for a maximum settlement fund of approximately USD 4.72 million.
  • The fund is calculated at USD 250 per eligible approved claim under the agreed framework.
  • The settlement is structured on a claims-made and reversionary basis. The actual amount payable will depend on the number of valid and approved claims submitted.
  • Amounts not required to satisfy approved claims will revert to the defendants.
  • There is no requirement to deposit or pre-fund the entire USD 4.72 million settlement fund.
  • The estimated settlement administration cost is USD 42,559.
  • The company states it has assessed/shall assess the accounting impact in accordance with applicable accounting standards.
  • No payment has been made to class members at this stage.

Operational / Business / Strategic Impact:

The disclosure is a mandatory regulatory update. The settlement process involves ongoing administrative steps managed by external counsel and a settlement administrator, requiring continued management oversight.

Other Implications:

The resolution of this long-standing litigation (referenced in previous IPO documents and financial results) potentially mitigates a known legal overhang. The settlement includes no admission of liability, which may help protect the company's reputation.

Next Steps / Required Actions:

1. Execution of the definitive settlement agreement by all relevant parties.

2. Filing of the settlement documentation with the U.S. District Court, District of New Jersey.

3. Seeking preliminary approval of the settlement from the Court.

4. Implementation of the Court-approved notice process (initial fax notice, followed by U.S. First Class Mail if unsuccessful).

5. Administration of the claims process by Analytics.

6. Seeking final Court approval of the settlement.

7. Making payments based on valid, approved claims, counsel fees, and administration costs as they become due per the settlement terms.