BSECompany Update9 Oct 2026 · 9 Oct 2026, 02:30 pm
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JK Agri Genetics Ltd · 536493
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JK Agri Genetics Ltd has disclosed a pending litigation with Agro Deal over an outstanding payment of Rs. 67.74 lakhs for the supply of agricultural seeds. The company has filed an application before the Hon'ble High Court of Telangana at Hyderabad to resolve the dispute through arbitration.
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JK Agri Genetics Ltd - 536493 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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JKAGL: SECTL: SE: 2026 Date: 9th October 2026
BSE Ltd.
Department of Corporate Services
25th Floor, Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai-400 001
Scrip Code: 536493
Through: BSE Listing Centre
Dear Sir/ Madam,
Re: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
------------------------------------------------------------------------------------------------------------
Pursuant to Regulation 30 of SEBI Listing Regulations, the disclosure related to
“Pendency of any litigation(s) or dispute(s) or the outcome thereof which may have an impact
on the listed entity” under sub-para (8) of para (B) of Part (A) to Schedule III of aforesaid
regulation is enclosed as Annexure-1.
Submitted for your information and necessary records.
Thanking you and always assuring you our best cooperation.
Yours faithfully,
For JK Agri Genetics Ltd.
Varsha Singh
Company Secretary & Compliance Officer
Encl:
Continuation Sheet 1
Annexure I
Sr. Particulars Details
1. Brief details of litigation Name of the opposing party: Agro Deal (“Respondent”)
viz. name(s) of the (Represented by its Proprietor Mr. Ram Kumar Rathi)
opposing party, court/
tribunal/agency where Address of the opposing party: 2/14, Sanjay Complex,
litigation is filed, brief Mata Mandir, Bhopal – 462003, Madhya Pradesh.
details of dispute/litigation;
Court: Hon’ble High Court of Telangana at Hyderabad.
Brief facts of the case: JK Agri Genetics Limited (“the
Company”) has entered into a comprehensive wholesale
agreement with Respondent for supply of agricultural seeds,
encompassing market promotion and brand marketing.
In the Kharif 2018 season, the Respondent procured Paddy
Variety JKRH-333 seeds on credit amounting to Rs. 9.51
crores. After deducting all discounts, incentives, and credit
notes, the net amount payable by the Respondent is Rs. 4.62
crores.
The Respondent made part payments totalling to Rs. 3.94
crores, with last payment made in the first week of August
2023. Currently, a balance of Rs. 67.74 lakhs remain
outstanding for payment.
Accordingly, the Company demanded payment of the
outstanding balance of Rs. 67.74 Lakhs on which the
Respondent refused to pay.
Following multiple correspondences, the Company issued a
legal demand notice dated 25th May 2026 for the payment of
the outstanding balance of Rs. 67.74 Lakhs and for invoking
the arbitration clause to resolve the dispute. The Respondent
subsequently disputed the claim via email and a reply notice
dated 3rd July 2026.
The Company has filed an application before the Hon’ble
High Court of Telangana at Hyderabad under Section 11(5)
and 11(6) of the Arbitration and Conciliation Act, 1996,
seeking the appointment of an Arbitrator to resolve the
dispute and the case got listed before the Hon’ble Court on
8th October 2026.
2. Expected financial Rs. 67.74 Lakhs
implications, if any, due to
compensation, penalty
etc.;
3. Quantum of claims, if any; Rs. 67.74 Lakh