Prime Urban Development India Ltd — Updates, 23-07-2025: Company Update

Prime Urban Development India Limited has disclosed details of a pending litigation. The company, as a 50% partner in Prime Mall Developers, is involved in a case at the Madras High Court. Prime Mall Developers is seeking a refund of Rs. 13.30 Crore plus interest from Biodegradable Products India Limited and Indraneel Properties Limited. This claim arises from an advanced amount following the cancellation of a construction agreement. The company anticipates no financial implications from potential compensation or penalties related to this dispute. This litigation aims to recover significant funds for the company.