Aspinwall and Company Limited — Important, 21-02-2025: Updates

Aspinwall and Company Limited has received a notice regarding a litigation case with Vikram Sarabhai Space Centre (VSSC), initiated in the High Court of Madras. The issue stems from damage incurred to cargo during transit from Chennai port, a responsibility of the Customs Cargo Service Provider, not Aspinwall. The company has been advised against participating in the arbitration proceedings initiated by VSSC, who is seeking the appointment of an arbitrator from the court. Presently, VSSC claims to have incurred expenses of ₹12.09 crore due to the damage, but no formal claims have been raised against Aspinwall. The financial implications of this situation remain uncertain as the company evaluates its legal options. Investors should watch closely as the litigation progresses, given its potential impact on the company's operations and financial health.