PCS Technology Ltd — Important, 25-08-2025: Company Update

PCS Technology Limited has received a court order dismissing a commercial civil suit filed by State Bank of India against the company and Industrial Development Bank of India. The suit claimed over Rs. 5 crore, including interest, for alleged fraudulent incentive warrant payments related to the company's past Registrar & Transfer Agent (R&T) activities, which have been discontinued. The court ruled that State Bank of India made payments well after the incentive warrants' validity period had expired, thereby dismissing the suit. This decision means there are no financial implications for the company, effectively removing a significant legacy liability.