Disclosure Context

This disclosure is made with reference to the Company's earlier disclosures dated 15th February, 2024, 4th June, 2026, and 20th June, 2026. The disclosure follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.

Legal Proceedings Update

The Company has received an update regarding proceedings relating to a dispute concerning leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika).

Key Developments

  • The matter was listed before the Hon'ble High Court of Gujarat for hearing on 6th July, 2026
  • The matter could not be taken up for hearing on that date
  • The Hon'ble High Court has adjourned the matter to 16th July, 2026
  • The matter continues to remain pending before the Hon'ble High Court of Gujarat
  • No adjudication on the merits of the case has been made as of the disclosure date (July 7, 2026)

Financial Impact

No financial impact, settlement terms, compensation, or penalty details are disclosed. The disclosure explicitly states "Not Applicable" for settlement details and financial impact assessment.

Management Involvement

The disclosure confirms that the proceedings are not against key management personnel, promoters, or ultimate persons in control (marked as "Not Applicable" in section b).