Honasa Consumer Limited — Important, 18-10-2024: General Updates

Honasa Consumer Limited reports that the Dubai Court of Appeal has upheld a prior judgment against it regarding a lawsuit filed by RSM General Trading LLC over the unlawful termination of distributorship. Both parties' appeals were rejected, and they are required to pay AED 1,000 in costs. Honasa plans to appeal this decision to the Cassation Court within 30 days, with no significant financial or operational implications until the final judgment.