HP Cotton Textile Mills Ltd — Updates, 12-06-2025: Company Update

H.P. Cotton Textile Mills Limited has announced a board meeting on the financial results for the quarter and half-year. The company received a Show Cause Notice from the Office of the Additional Director General of Foreign Trade, CLA Delhi, alleging non-fulfillment of export obligation related to an Advance Authorization from 2003. The company stated the demand is factually incorrect and legally untenable, as it had already received a Redemption Letter in 2008. Management plans to vigorously defend the matter, and no material financial or operational impact is expected.