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Visaka Industries informs about update on legal disputes

25 Nov 2025 Evaluate
In continuation to earlier intimations dated 29.09.2023, 26.06.2025 and 07.10.2025, in the matter of Visaka Industries vs. Hyderabad Cricket Association (HCA), Visaka Industries has informed that the Commercial Court, Hyderabad has today allowed Company’s Execution Petition (E.P.) filed against HCA for realization of the amount awarded by the Arbitral Tribunal in its favour. Further the Commercial Court, Hyderabad directed the HCA to deposit the attached amount of ?68.73 crores in its bank account. In case HCA fail to do, the bankers of HCA (Garnishee) i.e Canara Bank shall transfer the amount of ?68.73 crores within three weeks from November 24, 2025. Once the amount is transferred/ deposited in Commercial Court bank account, the Company will initiate steps to realize the said amount by filing cheque petition. The details required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the detailed disclosure in the prescribed format is enclosed as Annexure A.

The above information is a part of company’s filings submitted to BSE.

Visaka Inds. Share Price

74.00 -3.01 (-3.91%)
12-May-2026 16:59 View Price Chart
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