Hindustan Composites Limited — Others, 20-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Hindustan Composites has announced a board meeting regarding the out-of-court settlement of Writ Petition No. 209 of 2010 with Krantikari Kamgar Union. The company will pay a total of ₹12 crores, which includes ₹1.2 crore for legal fees and ₹10.8 crores to union members. This settlement should resolve all claims related to the petition, allowing the company to move forward without further legal disputes. While the one-time expense will impact the company’s profit, sufficient cash reserves ensure a neutral effect on overall financial health, fostering a positive outlook among investors.