Gaja Capital Litigation: High Court dismisses petitions to quash FIR

Gaja Alternative Asset Management Ltd has announced an update on a litigation matter concerning EuroKids International Limited. Two petitions, filed by Mr. Gopal Jain (MD & CEO) and Mr. Imran Jafar (Executive Director) along with Gaja Trustee Company Private Limited, seeking to quash an FIR (No. 0150 of 2022) related to an investment by Gaja Capital India Fund-I in EuroKids, were dismissed by the Hon'ble High Court of Punjab and Haryana on October 27, 2026. The court's order does not adjudicate the FIR's allegations, and the underlying proceedings will continue. The company is reviewing the order and considering further legal steps, including potential appeals. Gaja Alternative Asset Management Ltd stated that the order does not have a material impact on its current operations or financial standing.