Details of Legal Proceedings
Opposing Party: Cremica Food Industries Limited
Authority: Jamnagar Judicial Court
Nature of Dispute: Two separate recovery proceedings for outstanding trade receivables
First Proceeding: Suit for recovery of dues receivable of ₹71,52,643/-
Second Proceeding: Suit for recovery of dues receivable of ₹1,11,920/-
Aggregate Quantum of Claims: ₹72,64,563/-
Current Status
The matters have been submitted for mediation for a period of 15 days. Formal civil suits have not yet been registered as of November 4, 2026, and suit numbers have not been allotted. The company will update the stock exchange upon any material change in status, including institution/registration of the civil suits.
Financial Implications
The proceedings are for recovery of outstanding receivables aggregating to ₹72,64,563/-. The actual recovery and timing thereof will depend on the outcome of the mediation and/or subsequent legal proceedings. No separate compensation or penalty is presently being claimed, except as may be stated in the relevant pleadings.