BSECompany Update10 Oct 2026 · 10 Oct 2026, 04:21 pm
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Update on Litigation.
Adf Foods Ltd-$ · 519183
✦ AI SummaryLitigation
ADF Foods Ltd has entered into a Forbearance Agreement with Ascot Valley Foods Ltd and its affiliates to settle a litigation in the United States District Court, Southern District of New York. The subsidiary, ADF Foods (USA) Ltd, will receive US$1.75 million plus interest towards satisfaction of judgments worth approximately US$2.31 million. The agreement includes a structured payment framework with monthly instalments of at least US$25,000 over 52 months.
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Adf Foods Ltd-$ - 519183 - Announcement Under Regulation 30 (LODR) - Update On Litigation.
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10th October, 2026
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, Department of Corporate Services,
Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East), Dalal Street,
Mumbai - 400 051. Mumbai - 400 001.
Symbol: ADFFOODS Scrip Code: 519183
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Update on Litigation.
Dear Sir/Madam,
Further to our intimations dated 28th June, 2026 and 14th August, 2026 and pursuant to Regulation 30
read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“Listing Regulations”), we inform you that ADF Foods (USA) Ltd., the Company’s step-down
wholly owned subsidiary, has executed a Forbearance Agreement dated 9th October, 2026
with Ascot Valley Foods Ltd (‘Ascot’) and its affiliates in relation to the litigation before the
United States District Court, Southern District of New York.
The monetary judgments in favour of the subsidiary aggregate approximately US$ 2.31 million plus
applicable interest. Under the Forbearance Agreement, the subsidiary has conditionally agreed to accept
US$ 1.75 million plus applicable interest, towards satisfaction of these judgments. The initial payment
of US$450,000 was received by the subsidiary on 9th October, 2026. The balance of US$1.30 million
plus interest is payable in monthly instalments of at least US$25,000 over a maximum of 52 months
commencing November 2026.
Ascot is required to withdraw its appeal. The permanent injunction protecting the subsidiary’s
proprietary recipes and trade secrets remains fully effective. The subsidiary retains its rights to enforce
the original judgments, after crediting payments received, in the event of default. Satisfaction of the
judgments is conditional upon full payment under the agreement.
Receipt of the initial payment marks progress in monetary recovery under a structured payment
framework, while preserving the subsidiary’s intellectual property protection.
The disclosure as required under Regulation 30 of Listing Regulations read with SEBI Master Circular
dated 30th January, 2026 is enclosed as ‘Annexure A’.
The above information shall also be made available on the website of the Company at
www.adf-foods.com.
Please take the same on record.
Yours faithfully,
For ADF Foods Limited
Shalaka Ovalekar
Company Secretary & General Counsel
Encl: as above
Regd Off: 83/86, G.I.D.C Industrial Estate, Nadiad - 387 001, India. Tel.: +91 268 2551381/82 Fax: +91 268 2565068
Email: nadiadfactory@adf-foods.com CIN: L15400GJ1990PLC014265
Corp. Off: Marathon Innova, B2, G01, Ground Floor, G. K. Road, Lower Parel, Mumbai 400 013. INDIA.
Tel.: +91 22 6141 5555, Fax: +91 22 6141 5577, Email: info@adf-foods.com, Web: www.adf-foods.com
Annexure A
Details in terms of Regulation 30 read with Schedule III of the Listing Regulations and
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026:
Sr. No. Particulars Details
1. Brief details of litigation viz.
a) name(s) of the opposing party: Ascot Valley Foods Ltd. and its affiliates.
b)court/ tribunal/agency where United States District Court, Southern District of
litigation is filed New York
2. the details of any change in the status ADF Foods (USA) Ltd., the Company’s step-down
and / or any development in relation to wholly owned subsidiary, executed a Forbearance
such proceedings; Agreement dated 9th October 2026 with Ascot
Valley Foods Ltd. and its affiliates.
Ascot is required to withdraw its appeal. The
permanent injunction protecting the subsidiary’s
proprietary recipes and trade secrets remains fully
effective.
The subsidiary retains its rights to enforce the
original judgments, after crediting payments
received, in the event of default. Satisfaction of the
judgments is conditional upon full payment under the
agreement.
3. in the case of litigation against Not Applicable
key management personnel or its
promoter or ultimate person in control,
regularly provide details of any change
in the status and / or any development
in relation to such proceedings;
4. in the event of settlement of the The monetary judgments in favour of the subsidiary
proceedings, details of such settlement aggregate approximately US$2.31 million plus
including - terms of the settlement, applicable interest. Under the Forbearance
compensation/penalty paid (if any) and Agreement, the subsidiary has conditionally agreed
impact of such settlement on the to accept US$1.75 million plus applicable interest
financial position of the listed entity. towards satisfaction of these judgments.
The initial payment of US$450,000 was received by
the subsidiary on 9th October 2026. The balance of
US$1.30 million plus interest is payable in monthly
instalments of at least US$25,000 over a maximum
of 52 months commencing November 2026.
Receipt of the initial payment marks progress in
monetary recovery under a structured payment
framework, while preserving the subsidiary’s
intellectual property protection.
Regd Off: 83/86, G.I.D.C Industrial Estate, Nadiad - 387 001, India. Tel.: +91 268 2551381/82 Fax: +91 268 2565068
Email: nadiadfactory@adf-foods.com CIN: L15400GJ1990PLC014265
Corp. Off: Marathon Innova, B2, G01, Ground Floor, G. K. Road, Lower Parel, Mumbai 400 013. INDIA.
Tel.: +91 22 6141 5555, Fax: +91 22 6141 5577, Email: info@adf-foods.com, Web: www.adf-foods.com