Shashijit Infraprojects Limited has submitted a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing serves as an update regarding ongoing legal proceedings related to a dispute concerning a leased property acquired from Vapi Municipal Corporation (formerly Vapi Nagar Palika).
The disclosure references the company's previous communications on this matter dated: 15th February 2024, 4th June 2026, 20th June 2026, 7th July 2026, 27th July 2026, 25th August 2026, 21st September 2026, and 30th September 2026.
Legal Proceedings Update
The matter was listed before the Hon'ble High Court of Gujarat on 9th October 2026. However, the hearing could not be conducted and the matter was adjourned to 23rd October 2026. As of the disclosure date (21st October 2026), the case remains pending before the Hon'ble High Court of Gujarat with no adjudication on the merits of the case.
Financial Impact
No financial impact, settlement terms, compensation, or penalty details are disclosed in this update. The disclosure explicitly states that sections regarding litigation against key management personnel and settlement details are "Not Applicable."