ALPHA TRIBE

SMVD Poly Pack LimitedOthers, 11-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

11-02-2025 | 06:41 pm

SMVD Poly Pack Limited has settled its litigation with Balasore Alloys Ltd., receiving the entire amount owed along with interest of ₹3.87 crore as compensation for delayed payment. The Settlement Order is expected soon. This resolution enhances the company's financial standing by eliminating liabilities associated with the dispute.

From an investor's perspective, this development could signal a positive outlook, as it strengthens the company's cash position and reduces legal uncertainties, potentially boosting shareholder confidence.

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