Clarification2 Jun 2026, 02:50 pm
Harish Textile Engineers Clarifies Mediation Notice from DLSA
AI Summary
Harish Textile Engineers Limited has issued a clarification regarding a notice received from the Mumbai District Legal Services Authority (DLSA) concerning pre-institution mediation proceedings initiated by M/s. Steel-O-Fab Engineers under the Commercial Courts Act, 2015. The company explained that the delay in disclosing the initial receipt of the communication was due to it arriving on a weekend. The company has been directed to attend mediation proceedings on June 19, 2026. Management has stated that there is currently no material financial or operational impact on the company's activities.
Key Highlights
- Company received a notice for pre-institution mediation from the Mumbai DLSA.
- Mediation proceedings are scheduled for June 19, 2026, regarding a commercial dispute with Steel-O-Fab Engineers.
- Management confirms no material financial or operational impact at this stage.
- The company clarified the timeline of disclosure following an inquiry from the BSE.
Price Impact
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