Vipul Ltd Settles Loan Dispute for ₹58.45 Lacs, Faces Execution Proceedings

Vipul Ltd has disclosed a settlement agreement with S.K. Dudhoria Holdings Private Limited (SKDHPL) concerning an unsecured inter-corporate loan originally amounting to Rs. 2,40,00,000/- (₹2.40 Crore). While Rs. 2,10,00,000/- (₹2.10 Crore) of the principal has been repaid, a settlement agreement dated April 14, 2025, established a final settlement amount of Rs. 58,44,646/- (₹58.45 Lacs). Vipul Ltd issued post-dated cheques for this amount, which SKDHPL did not present. SKDHPL has initiated legal proceedings in multiple high courts to execute an award, claiming Rs. 1,73,68,353/- (₹1.74 Crore) plus further interest. Vipul Ltd contends that its liability is limited to the settlement amount of Rs. 58,44,646/- (₹58.45 Lacs), arguing the award has been novated by the settlement. The company has challenged the execution proceedings before the Delhi High Court. This disclosure is made following a review and correspondence with the stock exchanges, as the company initially considered the matter a commercial dispute below reporting thresholds.