GKB Ophthalmics Ltd — Important, 14-07-2026: Company Update

GKB Ophthalmics has received a demand notice for Rs. 8.82 crore from the Mamlatdar of Bardez Taluka, requiring payment within 10 days. This demand stems from a long-standing litigation and an earlier recovery order by the Labour Commissioner. The company had previously challenged the original industrial tribunal award in the High Court. GKB Ophthalmics, in consultation with its legal counsel, plans to further challenge this new demand notice by filing a writ petition with the Hon'ble High Court of Bombay to seek appropriate relief. This signals ongoing legal proceedings for a substantial financial claim.