Symphony Limited — Important, 18-02-2025: General Updates

Symphony Limited has secured a first and second charge over the immovable properties of Pathways Retail Private Limited to recover outstanding amounts due. A "CAUTION NOTICE" has been published in major newspapers to inform the public not to engage in transactions related to these properties. Pathways has breached its payment obligations under a settlement agreement with Symphony, committing to pay ₹58.34 crore by a scheduled timeframe while also agreeing to interest of 18% per annum for any delays. Legal proceedings have been initiated against Pathways and its associated individuals for recovery efforts, with prior rights retained by Symphony over the properties involved. The company reassures stakeholders that it is actively pursuing all legal avenues to safeguard interests. Investors should monitor this situation closely, as it could impact Symphony's strategic direction and financial recovery efforts.