Prakash Industries Limited — Important, 08-01-2026: Disclosure of material issue

Prakash Industries has received a major legal relief! India's Supreme Court dismissed the CBI's Special Leave Petition, upholding the Delhi High Court's decision to quash an FIR against the company and its promoter, Ved Prakash Agarwal, in the Syndicate Bank matter.

**The Issue:** The CBI had challenged the Delhi High Court's judgment, which had quashed an FIR and all related proceedings against Prakash Industries and its promoter concerning the Syndicate Bank case. This meant a legal battle was ongoing regarding the validity of the FIR.

**Possible Impact:** The Supreme Court's dismissal is a significant positive development. It effectively clears a long-standing legal overhang for the company and its chairman, Ved Prakash Agarwal. The company states there are no expected financial implications from this specific litigation.

**Company’s Response:** Prakash Industries informed the stock exchanges about this favorable order from the Hon'ble Supreme Court, confirming the resolution of the matter in its favor.