Ganesh Benzoplast Limited — Others, 18-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Ganesh Benzoplast Limited has announced a board meeting to discuss the resolution of ongoing litigation with Morgan Securities and Credits Pvt. Ltd. The companies have reached a settlement agreement to settle disputes related to an inter-corporate deposit of ₹50 crore. The company will pay ₹40 crore in total, with ₹10 crore paid upfront and the remaining ₹30 crore to be paid in three installments, plus interest. This resolution is expected to enhance financial stability and unlock growth opportunities, removing previous court-imposed restrictions on corporate actions. Investors may view this as a positive outlook, reducing legal risks and paving the way for future initiatives.