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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Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

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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