Krishanveer Forge Limited has submitted a regulatory disclosure to BSE Limited regarding becoming party to litigation filed against the company. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular.

The company received a general judicial summons/notice of appearance on October 3, 2026, requiring appearance in court on October 6, 2026. However, this initial summons was not accompanied by a copy of the plaint or statement of claims, preventing the company from assessing the subject matter or calculating financial impact.

The complete copy of the plaint was received via email through the company's advocate on October 10, 2026, at 10:42 AM. Upon review, the quantum of claim was identified.

Case Details:

  • Opposing Party: Usha Dattatraya Khatpe and Others
  • Court: Court of Civil Judge, Senior Division at Khed, Rajgurunagar, Pune
  • Case Number: Special Civil Suit No. 189/2026
  • Nature of Dispute: Plaintiffs seek declaration that Sale Deed dated November 1, 1991 (Registration No. 1641 of 1991) and Mutation Entry No. 4147 are void and not binding on their alleged ancestral share
  • Claim Details: Plaintiffs claim 1/3rd undivided share (approximately 0 Hectare 53 R) in land parcel bearing Gat No. 357/105 (admeasuring 1 Hectare 60 R) at Village Kharabwadi, Taluka Khed, Pune, along with seeking partition, separate possession, and mesne profits

Financial Implications:

  • Quantum of Claim: ₹4,60,00,000 (Rupees Four Crore Sixty Lakh only) - based on plaintiff's valuation for determining pecuniary jurisdiction, not endorsed by the company
  • Expected Impact: Financial implications currently restricted to legal defense costs. Based on preliminary evaluation of the three-decade-old transaction history and consultation with legal counsel, the company has strong grounds to defend its title on merits. No materialized financial risk or operational disruptions are anticipated at this stage.

The company is currently preparing to file its written statement and intends to contest the matter vigorously through appropriate legal action.

The disclosure was made within 24 hours of receipt of the complete plaint copy, as the claim value exceeds the company's internal materiality thresholds for disclosure under Regulation 30(4) of SEBI LODR Regulations.