Container Corporation of India Limited — Others, 28-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Container Corporation of India Ltd. has provided an update on a pending legal matter involving a short cargo claim of ₹82.59 crore. The litigation, connected with the Siver theft case, is currently before CESTAT, with hearings since 2021. The cargo in question weighed over 20,000 kgs, of which approximately 2,973 kgs was reported short. While State Trading Corporation has accepted delivery of the available cargo, it has not lodged any claim. Customs has imposed a duty of ₹1.45 crore, which CONCOR is contesting through an appeal. This situation may create investor caution due to the ongoing legal uncertainties and potential financial liabilities, yet it also reflects the company's commitment to resolving disputes proactively.