BSECompany Update21h ago · 15 Oct 2026, 05:53 pm
Update on litigation matter involving Wholly Owned Subsidiary of Company
Samtex Fashions Ltd-$ · 521206
✦ AI Summary▼ NegativeLitigation
Samtex Fashions Ltd. has informed about an update on a material litigation involving its wholly owned subsidiary SSA International Ltd. The Debt Recovery Tribunal-III, Delhi has allowed the application of NARCL in favor of the applicant and dismissed the counter claim of the company with no order to cost. The aggregate amount involved in the litigation is approximately Rs. 435.02 Crore, including cost and interest.
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Growth Catalyst1/10
Governance Concern5/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact2/10
Market Sentiment4/10
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Samtex Fashions Ltd-$ - 521206 - Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Update On Material Litigation Involving Wholly Owned Subsidiary Of Company
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mess FASHIONS LIMITED
A Govt. Recognised Export House Wen's fashion technot
October 15,2026
BSE Limited
Phiroze, Jeejeebhoy Towers,
Dalal Street, Mumbai-400001
Serip Code: 521206
Subject: Intimation under Regulation 30 the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”) - Update on material litigation
involving SSA International Ltd., Wholly Owned Subsidiary of the Company (Order of Debt
Recovery Tribunal-III, Delhi).
Dear Sir,
Pursuant to Regulation 30 and Para B of Part A of Schedule III of the Listing Regulations read with
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/ 1/3762/2026 dated 30" January, 2026
we hereby inform you of the following development in relation to the ongoing litigations, in the
prescribed format:
The details of any change in Order of Debt Recovery Tribunal-Ill, Delhi (“DRT-III”) In the
the status and/ or any matter of NARCL Vs. SSA International Ltd. & Others :
development in relation to
such proceedings Samtex Fashions Limited (“the Company”) was the Corporate
Guarantor in the loan applications of SSA International Ltd., the
wholly owned subsidiary (“the subsidiary”) of the Company.
Over the period of time, the consortium bankers (later represented by
NARCL) filed application bearing TA No. 446/2022, against the
subsidiary including the Company (being the Corporate Guarantor),
and in response thereof the subsidiary filed a counter claim bearing
No. NDN/31/2023(TCC). Both the matters were pending before
DRT-IIL.
By the Order dated 03" October, 2026 (received by the Company on
15" October, 2026), the application (TA No. 446/2022) was allowed
in favour of applicant (NARCL) and the counter claim (CC No.
NDN/31/2023) of the Company was dismissed with no order to cost.
Regd. Office & Works: Plot No. 163, Udhyog Vihar Extension, Greater Noida, Gautam Buddha Nagar, U.P. -201310
Delhi Office: Unit No. 137, DLF Prime Tower, F Block Okhla Phase-l, New Delhi-110020, Telephone No. 011-49025972
CIN: L17112UP1993PLC022479, E-Mail id: samtex.compliance@gmail.com, Website: www.samtexfashions.com
‘Quantum of claim(s), if any: The aggregate amount involved under
the above litigations shall be as mentioned in the order of DRT-III
i.e., approx. Rs. 435.02 Crore, in addition to cost and pendentelite &
future interest @10% p.a. till the payment in full.
In the case of litigation Not Applicable
against 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;
In the event of settlement of Not Applicable
the proceedings,
details of such settlement
including - terms of the
settlement, compensation/
penalty paid (if any)
and impact of such
settlement on the financial
Position of the listed entity.
This is for your information and record. This intimation is also being uploaded on the Company’s
website at www.samtexfashions.com.
You are requested to kindly take the same on record.
Thanking you,
For SAMTEX FASHIONS LIMITED
Rinki Rani
Company Secretary & Compliance Officer
(M. No. A51516)