Kiri Industries has informed that the Singapore International Commercial Court (SICC) has delivered judgement today i.e. 24 September, 2021 on Kiri's counterclaim against DyStar in SIC/7-2020. The SICC has dismissed Kiri's counterclaim and awarded all in cost of S$ 11,37,856.41 to DyStar. The company is in process to take legal advice for further course of action in the matter. Copy of the SICC judgement is attached. Further informed that this judgement has no effect on the valuation award obtained by Kiri from the Honorable SICC, amounting to $481.60 million, of Kiri's stake in DyStar under SIC/4.
The above information is a part of company’s filings submitted to BSE.
