Date: 6th August, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results (Standalone & Consolidated)
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Civil Recovery Suit Details
- Opposing Party: Direct Sources, a proprietorship concern of Mr. Yogesh Kumar, the Company's erstwhile distributor for the Delhi NCR region
- Court, Case Number and Date: Civil Suit No. 1414/2025, filed on 3 December 2025 before the Court of the Civil Judge (Senior Division), Court No. III, Ayodhya
- Nature of Dispute: Alleged breach of distribution arrangements dated 14 July 2017 and 1 September 2022, including breach of territorial restrictions and non-payment of outstanding sale proceeds
- Quantum of Claim: Principal outstanding: ₹3,47,04,361.85; Interest recorded up to November 2025: ₹76,01,681; Aggregate claim: approximately ₹4,23,06,042.85 (₹4.23 crore)
- Expected Financial Implications: The civil suit is a recovery claim by the Company and does not create a liability equal to the amount claimed. Recovery, if any, would support the Company's liquidity, cash flows and working-capital position. No counterclaim or penalty against the Company disclosed as of 6 August 2026
- Current Status: Matter listed for issuance of notice on 25 August 2026
Connected Criminal Proceedings
- FIR Details: FIR No. 0477/2024 lodged at Police Station Kotwali Ayodhya on 13 September 2024 under Sections 406, 409, 420 and 506 of the Indian Penal Code
- Criminal Case: Charge-sheet dated 19 December 2025 filed under Sections 406, 420 and 506; Cognizance and summoning order dated 14 January 2026 passed in Criminal Case No. 76/2026, State of U.P. v. Yogesh Kumar, before the Chief Judicial Magistrate, Ayodhya
High Court Proceedings
- Quashing Application: Application under Section 528 BNSS No. 1025/2026, Yogesh Kumar v. State of U.P. and Another, filed before the Hon'ble High Court of Judicature at Allahabad, Lucknow Bench on 12 March 2026
- Current Status: By order dated 10 April 2026, the High Court directed that criminal proceedings remain stayed for Mr. Yogesh Kumar until next listing. Matter shown as pending at stage 'For Order' with latest listing on 31 July 2026
Previous Connected Proceedings
- Civil Misc. Arbitration Case No. 15/2024 (Section 9 application) dismissed on 30 August 2024
- Criminal Misc. Writ Petition No. 7494/2024 (challenging FIR) disposed of on 25 August 2025 with directions to participate in investigation; mediation concluded without settlement
Settlement Status
No settlement recorded as of 6 August 2026. Company will disclose any material changes, settlement or outcome in accordance with applicable law.