Pursuant to provisions of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and intimation reference with KRBL/SE/2023-24/74 dated 14th November 2023 to the Stock Exchanges on the matter of Al Quraishi Marketing Co (AQM) initiating proceedings under Section 9 of the Arbitration and Conciliation Act, 1996 against KRBL before the Hon’ble High Court of Delhi, KRBL has informed that KRBL filed an appeal in the above matter that was heard by the Ld. Division Bench of the Hon’ble Delhi High Court on 21st November, 2023. The Ld. Division Bench has allowed the appeal and consequently the order dated 10th November, 2023 - which required KRBL to maintain status quo with AQM as the sole and exclusive distributor in the Kingdom of Saudi Arabia for retail and online sales channels (as per clause 2.1 of the Retail Distributorship Agreement) till the next date of hearing which was scheduled for 11th January 2024 - has been set aside.
The above information is a part of company’s filings submitted to BSE.
