Teerth Gopicon Limited — Others, 07-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Teerth Gopicon Limited has announced a board meeting on the financial results for the quarter and half-year. The company is engaged in a legal dispute with Madhya Pradesh Jal Nigam over the authenticity of ₹184 crore in performance bank guarantees submitted in 2023. Following this, Teerth Gopicon filed a complaint against its financial consultant for alleged forgery. The High Court has halted coercive actions by MP Jal Nigam and directed the company to provide fresh bank guarantees within 30 days, while the case is under investigation by the CBI. The company stresses its strong financial position and commitment to compliance.