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

Prime Urban Development India Limited has disclosed details of a pending litigation in the Madras High Court. The dispute involves a claim for Rs. 13.30 Crore, plus interest, sought by Prime Mall Developers (in which Prime Urban is a 50% partner). The claim is for a refund of an amount advanced to Biodegradable Products India Limited and Indraneel Properties Limited, following the cancellation of a construction agreement. This litigation aims to recover these funds.