Ashnoor Textile Mills Ltd — Important, 18-10-2025: Company Update

Ashnoor Textile Mills announced a favorable order from the District Consumer Disputes Redressal Commission-IV in its case against Oriental Insurance Company Limited. The company had filed the case for a balance claim and interest on an original amount of 0.80 Cr. The Commission ordered the insurer to pay 0.31 Cr with 7% annual interest, 0.06 Cr with 7% annual interest towards surveyor fees, and an additional 0.02 Cr for litigation costs. Furthermore, interest at 7% per annum on the disbursed amount for the delayed period was also awarded. This positive ruling significantly impacts the company's financials by recovering a substantial claim and related expenses, enhancing liquidity.