NSE/BSE Codes: BSE: 543358, NSE: SANSERA

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure of settlement agreement for a civil lawsuit under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Involved Parties / Authorities:

  • Plaintiff: Metaldyne Powertrain Components Inc. ("Metaldyne")
  • Defendant: Sansera Engineering Limited
  • Court: United States District Court for the District of South Carolina, Charleston Division
  • Regulatory Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Date / Timeline of Event:

  • Lawsuit Filing Date: Disclosed in Prospectus dated September 17, 2021 (Case No. 2:21-cv-03588-BHH)
  • Settlement Agreement Date: July 16, 2026 (14:26 Hours)
  • Payment Deadline: On or before July 30, 2026
  • Disclosure Date: July 16, 2026

Brief Description of Outcome / Dispute:

The company entered into a Confidential Release and Settlement Agreement with Metaldyne Powertrain Components Inc. to settle a civil lawsuit pending before the United States District Court for the District of South Carolina, Charleston Division. The settlement was made without any admission of liability by the company.

Impact of Outcome:

Financial Impact:
  • Settlement amount: USD 2,000,000 (Two Million United States Dollars)
  • Payment due date: On or before July 30, 2026
  • Financial exposure is expected to be mitigated through insurance
  • No other material financial implications beyond the settlement payment
Operational / Business / Strategic Impact:
  • No material operational, business, or strategic impact disclosed
  • The matter represents a full and final settlement of the lawsuit
Other Implications:
  • No admission of liability by the company
  • The settlement resolves all claims in the civil suit (Case No. 2:21-cv-03588-BHH)
  • The litigation was previously disclosed in the company's Prospectus dated September 17, 2021 under outstanding litigations and material developments

Next Steps / Required Actions:

  • Payment of USD 2,000,000 to Metaldyne Powertrain Components Inc. on or before July 30, 2026
  • No other ongoing requirements or actions disclosed