GKB Ophthalmics Ltd — Important, 12-09-2025: Company Update

GKB Ophthalmics has received an order from the Labour Commissioner for the recovery of 8.82 Cr related to a long-standing dispute with its workmen from 2009. This order follows an award by the Industrial Tribunal, which the company is already challenging in the High Court. The company maintains it does not admit liability and will appeal this recovery order before the High Court. Management believes the financial position and comparable industries were not adequately considered in the original award. This order could materially impact the company's financial position if the challenges are unsuccessful.