BSECompany Update2 Sept 2026 · 2 Sept 2026, 05:34 pm
Disclosure Under Regulation 30 of SEBI (LODR) Regulations, 2015 - Pendency of Litigation
Page Industries Ltd · 532827
✦ AI SummaryLitigation
Page Industries Ltd has been served with a notice from the Dubai Court regarding a claim initiated by Yellow Flower Trading LLC for AED 113,548,160.81 + interest, related to a distribution arrangement dispute in the UAE. The company is reviewing the notice and intends to defend its interests.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10
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Page Industries Ltd - 532827 - Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Pendency Of Litigation
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02 September 2026
The Secretary The Secretary
Corporate Relationship Dept. National Stock Exchange of India Limited
The Bombay Stock Exchange Exchange Plaza,
Rotunda Building Bandra Kurla Complex
Phiroze Jeejeebhoy Towers Mumbai – 400 051
Dalal Street, Mumbai – 400 001
Dear Sirs,
Sub : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 –Pendency of litigation
Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) (Second amendment)
Regulations, 2023, we hereby disclose the following pending dispute:
Today, we have been served with a Notice from the Dubai Court in relation to a claim
initiated by Yellow Flower Trading LLC ("YFT"), Dubai arising out of disputes
concerning the parties' distribution arrangement in the UAE. The claim amount stated in
the Notice is AED 113,548,160.81 + interest at 9% pa from 10 October 2025 (claimed
date of alleged unlawful termination) until full payment.
The Company is in the process of reviewing the Notice in consultation with its legal
counsel and is taking appropriate legal steps to contest the claims. Based on the
preliminary assessment, the Company believes that the claims are without merit and
intends to vigorously defend its interests in the proceedings. The matter is currently at a
preliminary stage, and the Company will provide further updates in accordance with
applicable regulatory requirements, as and when there are material developments.
This is for your information and records.
Thanking you,
Yours faithfully,
For Page Industries Limited
Ganesh V S
Managing Director
DIN: 07822261