NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company5d ago · 18 Sept 2026, 01:39 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
UFO Moviez India Limited · UFO
✦ AI SummaryLitigation
UFO Moviez India Limited has informed the Exchange about the outcome of an arbitral proceeding related to an in-cinema advertising rights agreement with TSR Films Private Limited. The arbitral tribunal dismissed the company's interim application, resulting in the termination of the agreement. The company does not expect the order to have a material adverse impact on its operations or financial position.
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Growth Catalyst1/10
Governance Concern1/10
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Liquidity Impact8/10
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UFO Moviez India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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18th September, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, G
Dalal Street, Block, Bandra Kurla Complex, Bandra
Mumbai – 400 001 (East), Mumbai- 400 051
BSE Scrip Code: 539141 NSE Symbol: UFO
Dear Sir/ Ma’am,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations 2015 – Update on
pending litigation
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, and further to our intimation dated 12th
March, 2025, we hereby inform you of an Order dated 17th September 2026 (“Order”)
passed in the arbitral proceedings between UFO Moviez India Limited ("Company") and
TSR Films Private Limited ("TSR").
The proceedings arise from the Advertisement Agreement dated 23rd December, 2023
("Agreement") relating to in-cinema advertising rights on TSR screens. A Sole Arbitrator
was appointed in June 2025. However, TSR terminated the Agreement by notice dated
23rd September, 2025 (“Notice”) during the pendency of the arbitration.
Upon receipt of the Notice, the Company had filed an interim application (“Interim
Application”) under Section 17 of the Arbitration and Conciliation Act, 1996, seeking
continuation of the contractual arrangement pending the arbitration. Subsequently an
interim status quo was granted by the Sole Arbitrator on 1st October, 2025 and had been
operating since then. However, TSR after a passage of 10 months, challenged the
continuation of the status quo order before the Sole Arbitrator on 29th July, 2026. Now,
by this Order dated 17th September, 2026, the Sole Arbitrator dismissed the Interim
Application on technical grounds as a result of which the earlier interim order granting
status quo was withdrawn. As a result, the Agreement now stands terminated. No costs,
damages or other monetary liability have been imposed on the Company.
The Order is confined to the interim application and states that it does not adjudicate the
merits of the case i.e. the claim petition and the defense and counter claim filed by the
parties in the arbitration and this Order has no bearing in the main case. As such the
respective claims of the parties remain pending before the Sole Arbitrator, and the
Company's defense and counterclaim are unaffected.
Based on the Company's present assessment, the order is not expected to have a material
adverse impact on its operations or financial position since the arrangement was
UFO MOVIEZ INDIA LIMITED: VALUABLE TECHNO PARK, PLOT 53/1, ROAD 07, MIDC, ANDHERI (E), MUMBAI 400 093 T: +91 022 4030 5060
E: CORPORATE@UFOMOVIEZ.COM CORPORATE IDENTITY NUMBER: L22120MH2004PLC285453 WWW.UFOMOVIEZ.COM
GST I: 27AABCV8900E1ZF
generating negative returns on net level for the Company primarily due to execution
issues at TSR end that was leading to sub-optimal level of exploitation of the
advertisement rights on TSR Screens and the deductions done by the Company on
account of the execution issues is one of the subject matter of arbitration.
The Company is evaluating the order with its legal advisers and will take appropriate steps
to protect its interests.
Intimation of passing of the said Order was received by the Company through its
Advocates on 17th September, 2026 at 1:49 p.m. (IST).
We request that you take the above disclosure on record.
Thanking you,
Yours faithfully,
For UFO Moviez India Limited
Kavita Thadeshwar
Company Secretary
UFO MOVIEZ INDIA LIMITED: VALUABLE TECHNO PARK, PLOT 53/1, ROAD 07, MIDC, ANDHERI (E), MUMBAI 400 093 T: +91 022 4030 5060
E: CORPORATE@UFOMOVIEZ.COM CORPORATE IDENTITY NUMBER: L22120MH2004PLC285453 WWW.UFOMOVIEZ.COM
GST I: 27AABCV8900E1ZF